The 12th Five-Year Plan for the Development of Foreign Trade

According to the "Twelfth Five-Year Plan for Foreign Trade Development" promulgated by the Ministry of Commerce on the 26th, by 2015, China's total import and export volume will reach about 4.8 trillion US dollars. The "Planning" pointed out that during the "Twelfth Five-Year Plan" period, China's steady growth and balance should achieve substantial progress. Import and export grew steadily, with a total annual growth rate of about 10%, and the trade balance continued to improve. According to the "Planning", during the "Twelfth Five-Year Plan" period, the spatial layout of China's foreign trade development should be more perfect. Imports and exports to traditional markets such as Europe, the United States, Japan and Hong Kong have grown steadily, and the proportion has been steady. Import and export of other emerging markets, developing countries and other markets grew rapidly. By 2015, the proportion of foreign trade in the country reached 58%.

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