Ex­ports ex­pected to grow faster in 2014

China Daily (Canada) - - NEWSCAPSULE -

China’s for­eign trade is likely to grow faster next year as over­seas de­mand im­proves, ex­perts said.

The con­sen­sus fore­cast is for to­tal trade growth of up to 10 per­cent. In the worst-case sce­nario, to­tal trade may only ex­pand about 8 per­cent, equal to this year.

China is the world’s largest ex­porter and sec­ond-largest im­porter.

Wei Jianguo, vice-chair­man of the China Center of In­ter­na­tional Eco­nomic Ex­changes, a gov­ern­ment think tank, said: “For­eign trade may ex­pand 10 per­cent next year, if the gov­ern­ment pro­vides pow­er­ful sup­port.”

Huo Jianguo, pres­i­dent of the Chi­nese Academy of In­ter­na­tional Trade and Eco­nomic Co­op­er­a­tion, a think tank of the Min­istry of Com­merce, said that “China’s for­eign trade in 2014 will be slightly bet­ter than this year, with over­all trade grow­ing 8 to 9 per­cent and ex­ports con­tin­u­ing to out­pace im­ports”.

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