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China ranks 2nd with 8.8% of world's exports by 2007

(Xinhua)
Updated: 2008-10-28 16:11

China's share in world's exports reached 8.8 percent by 2007, making it the world's 2nd largest exporter, only after Germany, said the National Statistics Bureau (NBS) on Tuesday.

According to a statement released on NBS website, China's foreign trade has been growing at an average annual rate of 17.4 percent to $2,173.7 billion from $20.6 billion since 1978 when its reform and opening-up began.

With persistent government efforts to boost foreign trade and encourage investment, China's exports rose from $9.8 billion to $1,217.8 billion during the period, and imports gained from $10.9 billion to $956 billion, said the statement.