Date
17 August 2018

Foreign trade growth target becomes more challenging, paper says

China is facing a challenge to achieve the 8 percent growth target in imports and exports for 2013, the National Business Daily reported Friday, citing a source who participated in a closed-door seminar held by the commerce ministry. Coastal provinces, including Guangdong, Jiangsu and Shandong, are facing more difficulty, the paper said. Rising costs and renminbi appreciation have contributed to a fall in exports. Taking Guangdong as an example, the southern province saw 0.6 percent export growth in the third quarter, down from 7.8 percent in the second quarter and 37.8 percent in the first quarter, the report said. Trading firms are hoping that the government will offer more rebates and new measures to boost exports, it said.

– Contact HKEJ at [email protected]

KZ/AC/RC

 

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