Home / Knowledge / News / Textiles / Country to close 2008 with record foreign exchange reserves

Country to close 2008 with record foreign exchange reserves

17
Dec '08
In November, China's total foreign trade volume reached US $189.89 billion, down 9 percent year-on-year, of which, exports were $114.99 billion, down 2.2 percent and imports $74.9 billion, down 17.9 percent.

This is the first negative growth for import and export indexes since 2000. In November foreign trade surplus touched $40.090 billion, an increase of 52.3 percent and the growth rate was 22.5 percent higher than September, a record high.

From January to November, imports and exports totaled $2.37 trillion, an increase of 20.9 percent, of which exports were $1.31 trillion, up 19.3 percent while imports were $1.06 trillion, up 22.8 percent. Accumulated trade surplus marked $255.950 billion, an increase of 6.8 percent.

Total foreign trade volume in 2008 is expected to exceed $2.500 trillion, an increase of more than 15% while annual surplus is expected to be over $280 billion and growing by $18 billion over that of 2007.

Fibre2fashion News Desk - China


Interviews View All

Rahul Bhadani, Looksgud

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Divyesh Mashruwala, Akshar Industries

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Ritu Ajbani & Neha Agarwal,

Ritu Ajbani & Neha Agarwal

Petit Royal, co-founded by entrepreneurs <b>Ritu Ajbani and Neha...

Herbert Guebeli,

Herbert Guebeli

Switzerland-based Sedo Engineering develops technologies for the denim...

Aaron Spivak,

Aaron Spivak

Canada-based Hush Blankets was founded by Lior Ohayon and Aaron Spivak to...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search