Chinas Foreign Trade to Exceed $1.75 Trillion

Through November, China’s aggregate trade surplus grew to $156.521 billion. The Ministry is projecting that as 2006 figures are finalized, the country’s exports will reach $963 billion, a jump of 27% over 2005. Imports are expected to top out at $795 billion, an increase of 20%.

Looking forward to 2007, the exchange rate of Renminbi (RMB), Chinese currency, is being projected to appreciate by 5%, to 7.44 to one U.S. Dollar. According to the most current economic analysis report, the appreciation will be experienced faster in the first half of 2007.