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China's foreign trade growth may touch 10% in 2012

09
Mar '12
China's foreign trade growth is expected to reach 10 percent for the whole year of 2012, said an optimistic Chen Deming, China's Minister of Commerce.

In 2011, China's national import and export value registered US $3.64206 trillion, up 22.5 percent year on year.

The Ministry of Commerce will tackle and approach export growth from three aspects, in order to achieve this goal.

First, the ministry will try to maintain steady growth, keep basic stability of China's policy in foreign trade, maintain steady growth of foreign trade, reduce tax and fee burden of enterprises in foreign trade, and increase financial support to export companies.

Second, the ministry will continue to adjust structure in China's foreign trade and accelerate transformation of development mode in foreign trade.

Third, the ministry will further promote the balance of foreign trade.

Fibre2fashion News Desk - China


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