Foreign Trade Jumps 33 % in January

24/02/2005

China's foreign trade has continued to grow in the first months of 2005, after the country became the world's third largest trader last year.

Statistics from the General Administration of Customs show the country's trade volume rose about 33 per cent year-on-year in January, to 95 billion US dollars, leaving a trade surplus of nearly 6.5 billion US dollars.

Experts attribute the fast pace of export growth to factors such as the Lunar New Year, which falls on February 9.

Economists predict the trade gap will narrow this year.