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28 Aug, 2011

Weak world conditions to curb trade growth in 2011 | Economy | chinadaily.com.cn

BEIJING – China’s foreign trade is unlikely to grow as fast in 2011 as it did last year due to weakening global demand and rising costs, Vice-Minister of Commerce Jiang Yaoping said on Tuesday.

The country’s trade grew by a robust 34.7 percent in 2010.

“China’s imports and exports will be seriously influenced, as the global economy’s growth momentum is weakening under various pressures, including the spreading debt crises and increasing inflationary pressure,” Jiang said at a news conference.

via Weak world conditions to curb trade growth in 2011 | Economy | chinadaily.com.cn.