China targets 10 pct annual growth of foreign trade in 2011

%3CFONT%20face%3DVerdana%3EChina%20has%20set%20targets%20of%2010%20percent%20growth%20both%20in%20foreign%20trade%20and%20non-financial%20overseas%20direct%20investment%20in%202011%2C%20a%20senior%20commerce%20official%20said%20Wednesday.%20%3CBR%3EHuo%20Jianguo%2C%20president%20of%20the%20Chinese%20Academy%20of%20International%20Trade%20and%20Economic%20Cooperation%20under%20the%20Ministry%20of%20Commerce%2C%20made%20the%20remarks%20at%20a%20national%20commerce%20work%20conference.%20%3CBR%3ECommerce%20Minister%20Chen%20Deming%20told%20the%20conference%20that%20China%20will%20promote%20the%20steady%20growth%20in%20exports%20in%202011%2C%20keep%20foreign%20trade%20policy%20basically%20stable%2C%20and%20explore%20emerging%20markets%20while%20restricting%20the%20export%20of%20high%20polluting%2C%20high%20energy-consuming%20and%20resource-consuming%20products.%20%3CBR%3EThe%20country%20will%20also%20increase%20imports%20next%20year%2C%20simplify%20import%20procedures%20and%20promote%20balanced%20trade%2C%20Chen%20said.%20%3CBR%3EFurther%2C%20China%20will%20increase%20imports%20of%20advanced%20equipment%20and%20key%20components%20to%20assist%20with%20the%20transformation%20of%20the%20economic%20development%20pattern%20and%20industrial%20upgrading.%20%3CBR%3EChen%20added%20that%20China%20will%20expand%20import%20channels%20of%20bulk%20commodities%20including%20grain%20and%20sugar%20to%20ease%20domestic%20supply%20shortages.%20%3CBR%3EThe%20Ministry%20of%20Commerce%20forecast%20China%27s%202010%20foreign%20trade%20might%20grow%20more%20than%2030%20percent%20year%20on%20year%20to%202.9%20trillion%20U.S.%20dollars.%3C/FONT%3E