Memorabilia of China's Foreign Trade From 2000 to 2020(2)

2002  U.S.-China trade deficit set a record

  This year, Chinese were allowed to apply for passports freely.Also in this year, the U.S. trade deficit with China hit the highest ever record, reaching 103.12 billion U.S. dollars, accounting for 23.7% of its total trade deficit.

2003 SARS

   At the beginning of 2003, the SARS epidemic suddenly intensified in Shenzhen, Guangzhou and other areas, and it expanded to Beijing in March. The WHO listed ten provinces and cities including Guangdong and Beijing as epidemic areas.Fortunately, the epidemic was controlled within 3 months and ended on June 2 of that year.The most serious prediction at the time was that China's economy would experience negative growth due to the SARS epidemic, but the result was that this year's GDP growth rate was 10%, a year-on-year increase of 1%.

   In terms of foreign trade, in 2003, China's monthly import and export growth rate reached over 27%, the highest monthly import growth rate reached 63.4%, and the highest monthly export growth rate reached 50.7%.According to WTO statistics, in 2003, China's world rankings of imports and exports rose from the fifth place in the previous year to the fourth place, further consolidating its status as a major trading country