2003 was a year which witnessed the greatest increase of trade volume of commodities in China - ASEAN area,the fastest rate of growth, the largest trade deficit for China and the richest technological content. In that year, the trade was characterized by the following 4 aspects : 1. The trade volume reached a new high first surpassing 70 billion dollars. 2. The growth rate maintained stable with the export growth rate fixing around 50%. 3. A new model of “5-4-1” of the structure of trade partners had taken shape. 4. New and high - tech products were favored in structure. Calculation shows that in the new year, the growth range and structure will be adjusted in a new round of the expansion phase in regional trade and the time for ASEAN to be China's fourth largest trade partner with volume of 100 billion dollars is expected to come ahead of schedule in 2004.
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