Home | China | World | Business China's Foreign Trade Maintains Growth Momentum THU, FEB 28, 2002     China's total volume of imports and exports in 2001 reached 509.8 billion U.S. dollars, up7.5 percent over the previous year, according to statistics released here Thursday. Zhu Zhixin, commissioner of the National Bureau of Statistics, said at a press conference that last year's export value was 266.2 billion U.S. dollars, up 6.8 percent, and import value was 243.6 billion U.S. dollars, up 8.2 percent. Last year China had a trade surplus of 22.5 billion U.S. dollars, a decline of 1.6 billion U.S.dollars from the previous year. He said that direct foreign investment registered rapid growth.The actually utilized foreign direct investment was 46.8 billion U.S. dollars, up 14.9 percent over the previous year. Foreign exchange reserves continued to grow. By the end of last year, China's foreign exchange reserves reached 212.2 billion U.S.dollars, an increase of 46.6 billion U.S. dollars as compared with that at the end of the previous year. The exchange rate of Renminbi, the local currency, stood at one U.S. dollar for 8.2766 RMB yuan at the end of the year, appreciating 15 basic points as compared with the end of the previous year. Editor:Zhong Source:Xinhua Recommend to your friend email:    China Central Television,All Rights Reserved