[Chinadaily]
Global demand slackening, but ministry confident of 10% growth
China's foreign trade outlook will remain gloomy in the coming months, while global demand slackens, operational costs rise and trade protectionism becomes more common, the Ministry of Commerce said on Tuesday. But ministry spokesman Shen Danyang said China is "not pessimistic" about the situation, and the nation's foreign trade is on the way to becoming "more balanced". Since late last year, export growth has been on the decline, and according to the General Administration of Customs, China's exports in April increased 4.9 percent from the previous year and reached $163.25 billion, compared with the 8.9 percent in March.
"China's foreign trade outlook will remain fairly severe in the months ahead," Shen said at the monthly media briefing.
"We are neither optimistic, nor pessimistic about the outlook for Chinese exports and foreign trade this year," Shen said. Decreasing demand for made-in-China goods from developed markets has hurt Chinese exports.
Lire : europe.chinadaily.com.cn
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