Balance of Import-Export Achieved in China's Foreign Trade

China's foreign trade has seen sustained and high speed development this year. Its US$12.18 billion unfavourable balance in trade last year changed quickly with a gradual monthly and quarterly increase in exports and a slow-down in import. By the end of July, the balance of exports and imports has been basically achieved. According to statistics of customs office the total volume of exports and imports for the first seven months of 1994 was