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With changes in the market circulation environment and the end of a theree-year protection after its accession to the World Trade Organisation,China’s commodities trade aggregate has been growing steadily and the size of individual markets has been increasing gradually. In 2004,the number of commodity markets with annual turnover exceeding RMB 100 million jumped to 3,365,100 more than in the previous year;their turnover,at RMB2.61027 trillion,surged. 21.3%. The pace of modernisation of the country’s commodity markets has picked up,with their business operations becoming more international,more information-based,larger in scale and functioning as groups.
With changes in the market circulation environment and the end of a theree-year protection after its accession to the World Trade Organization, China’s commodities trade aggregate has been stead steadily and the size of individual markets has been increasing gradually. In 2004, the number of commodity turnover with annual turnover exceeding RMB 100 million jumped to 3,365,100 more than in the previous year; their turnover, at RMB2.61027 trillion, surged. 21.3%. The pace of modernization of the country’s commodity markets has been picked up, with their business operations becoming more international, more information-based, larger in scale and functioning as groups.