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Think tank expects China's trade to remain tough in 2013
By Wang Yanlin |
December 12, 2012, Wednesday
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Online Edition
Online Edition
CHINA'S trade may continue to face difficulties in 2013 due to the unresolved debt crisis in Europe and the weakening demand around the world, the State Information Center said in a report published today.
The leading government-backed think tank said China's exports are likely to grow 8 percent on an annual basis next year while imports may rise 7.8 percent. The estimates compare with the growth of 7.3 percent of exports in the first 11 months of this year, and the increase of 4.1 percent of imports during the same period
"China's foreign trade will expand slowly in 2013 as factors hampering global economic recovery may not disappear easily," the report said.
Although China's economy is on a recovery track, it may be hard for the growth to return to a double-digit rate seen in the past decade that was mainly driven by exports.
The center projected an 8-percent growth of China's economy next year, with industrial output gaining 10.5 percent.
The leading government-backed think tank said China's exports are likely to grow 8 percent on an annual basis next year while imports may rise 7.8 percent. The estimates compare with the growth of 7.3 percent of exports in the first 11 months of this year, and the increase of 4.1 percent of imports during the same period
"China's foreign trade will expand slowly in 2013 as factors hampering global economic recovery may not disappear easily," the report said.
Although China's economy is on a recovery track, it may be hard for the growth to return to a double-digit rate seen in the past decade that was mainly driven by exports.
The center projected an 8-percent growth of China's economy next year, with industrial output gaining 10.5 percent.
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