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Healthy growth for foreign trade figures

( Updated: 2015-01-16 12:03

Healthy growth for foreign trade figures

Zhong Shan, vice-minister of commerce , speaks at the first weekly policy briefing of the State Council in Beijing, Jan 16, 2015. [Photo by Zou Hong/]

The vice-minister said China's trade structure was further optimized last year, with foreign trade in the regions becoming more balanced. "The trade increment of the central and western regions of China overtook that for the eastern regions for the first time in 20 years," Zhong said.

Manufacturing of equipment has become an important export growth area, as shipments of railway locomotives and rolling stock grew by 20 percent with exports of communication equipment growing by 10 percent.

China's trade services also grew rapidly last year, Zhong added.

The value of services imported and exported exceeded $580 billion for the year, up by more than 10 percent annually.

The State Council announced a series of measures aimed at accelerating the development of trade in services at an executive meeting on Jan 14.

Premier Li Keqiang chaired the meeting, which said that progress in this sector was important for China's policy of opening-up, as it creates jobs, and also helps cultivate new growth engines.

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