Exports expected to grow faster in 2014
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”.