| Thanks to the liberalization policy, the export import | | | | 2008, while the export figure is US$ 111 billion also on |
| China business is now highly progressive and | | | | December 2008. This is at least 3% lower than the |
| contributes greatly to the economic growth of the | | | | figures recorded on December 2007. |
| country in the last few years. China was included in | | | | The World Trade Organization was a big help in the |
| the World Trade Organization back in 2001 which | | | | export import China business. It bridged China to |
| opened doors for global trading. The figures can | | | | many international traders especially in Southeast |
| speak well for itself. In the past 30 years, the | | | | Asia. Hong Kong played a major role too. After the |
| average gross domestic product (GDP) was at 8%, a | | | | British turned over Hong Kong to China in 1997, Hong |
| very significant growth rate. Overall, China now | | | | Kong became the major shipping port for mainland |
| stands as the largest economy after USA. Experts | | | | China and facilitated trading with other countries. Both |
| predict that China could very well overtake USA | | | | the World Trade Organization and Hong Kong |
| after a few more years. | | | | contributed largely to the China export business. |
| The significant economic growth in China is | | | | China mostly exports their main industrial products. |
| recognized worldwide. This proved to be very | | | | The Chinese are excellent in the production of |
| beneficial for China export business whose global | | | | garments, textiles, electronics, automobiles, |
| market share to date reaches 58 to 60 percent. | | | | ammunitions and firearms. They also export products |
| That is more than half of the market pie. The rest is | | | | like mercury, magnesium, manganese, tungsten, tin, |
| distributed to other export players in Asia, Europe | | | | antimony, salt and barite. They rank fourth place |
| and America. As for China import, the country ranks | | | | around the globe in producing zinc, antimony, |
| third overall in the world after USA and Germany. | | | | tungsten and tin. They are ranked second for salt |
| It is not always a smooth road for the export import | | | | production, and sixth place in gold production. They |
| China business. In 2008, the International Monetary | | | | are also a leading player in aluminum production. |
| Fund analyzed China's economy and computed a | | | | China is steadily surging forward and making |
| marked decline in GDP in the last five years (2003 to | | | | economic reforms to further inscribe their name in |
| 2008). Approximately, they recorded a 12.7% decline | | | | international trade. You can expect export import |
| rate in 2007 and 9.6% decline rate in 2008. | | | | China business to still move ahead and beyond other |
| More particularly, the import industry recorded at | | | | major players after a few more years. |
| least US$ 40 billion in gross revenue for December | | | | |