CHINA
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1991-95 Imports to Hit $350 Billion: The government expects imports of goods to total $350 billion in the 1991-95 period, $50 billion more than originally planned, according to the official China Daily. Tong Zhiguang, former vice minister of foreign trade and now a parliamentarian, told an international conference of pension fund managers in Beijing that trade with the United States is expected to increase, the paper said. The government expects economic growth to hit 13% this year, more than twice as fast as it targeted in 1991’s five-year plan. Importing to fuel this boom, China is heading for a trade deficit this year, its first since 1989.
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