China Says Imports Have Helped Create 10 Million Jobs Abroad Since 2001

April 26, 2006
China has helped to create some 10 million jobs worldwide since 2001 when it joined the World Trade Organization, thanks to its massive imports, Vice President Zeng Qinghong said April 23. "Since it joined the WTO, China has imported close to US$500 ...

China has helped to create some 10 million jobs worldwide since 2001 when it joined the World Trade Organization, thanks to its massive imports, Vice President Zeng Qinghong said April 23.

"Since it joined the WTO, China has imported close to US$500 billion of goods annually, creating about 10 million jobs for other countries and regions," Zeng said, according to the official Xinhua news agency.

He also underlined that China's imports from other Asian countries had risen to $440 billion in 2005, a climb of 2% on the previous year that meant they now accounted for 67% of China's total imports.

Overseas investment by Chinese companies has increased 20% in the past year, 80% of that in Asia, he added.

Zeng was speaking at the opening of the Boao forum on the southern island of Hainan, a regional meeting of politicians, business leaders and academics.

Copyright Agence France-Presse, 2006

Popular Sponsored Recommendations

You Cannot Stay Competitive by Bolting New Technologies to a Legacy ERP

Oct. 20, 2023
Read this white paper to understand the benefits of shifting to a next-generation ERP system as part of a DOP.

Legacy Phone Lines Are Draining Your Profits

Oct. 30, 2023
Copper wire phone line expenses that support emergency devices could be costing your company millions of dollars in wasteful overhead expenses. Rates have been skyrocketing while...

Risk-Based Asset Management (RBAM): Accounting for Risk in Your Asset Management Strategy

Sept. 14, 2023
What if you could get more out of assets, reduce the risk of critical failures AND keep all your stakeholders happy? It’s called risk-based asset management, or RBAM, and it’ll...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!