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December 22, 2009

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Grave view for foreign trade seen

CHINA'S foreign trade is expected to experience a more complicated and grave outlook in 2010 with increasing global competition and protectionism, Zhou Xiaoyan, a Ministry of Commerce official, said yesterday.

There were increasing uncertainties in international trade with governments around the world striving to protect domestic industries and compete for markets as the global economic recovery is likely to be a slow process, Zhou, director of the ministry's fair trade bureau, said during an online interview.

Zhou said 19 countries and regions have launched 103 trade probes against Chinese products by the end of November. The number of cases and the amount involved hit a record high, she said.

From January to November, China's imports and exports totaled US$1.96 trillion, down 17.5 percent from the same period in 2008, according to the General Administration of Customs.


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