Export outlook for 2014 called ‘very difficult’
Demand in both developed and developing countries is growing too slowly to boost purchases of China’s exports in 2014, according to a commerce official.
“Concerning foreign trade next year, China is facing a difficult or very difficult outlook. In other words, we have to work hard for steady growth,” Song Lihong, deputy director-general of the Comprehensive Department at the Ministry of Commerce, said in an exclusive interview with China Daily.
Long Guoqiang, a researcher at the Development Research Center of the State Council, said that developed economies are seeing a steady recovery, but their appetite for Chinese products is weakening.
In the January-November period, China’s foreign trade rose 7.7 percent year-on-year to $3.77 trillion.