Arab Today, arab today chinese minister warns of grim trade situation
Last Updated : GMT 09:27:54
Arab Today, arab today
Arab Today, arab today

Chinese minister warns of grim trade situation

Arab Today, arab today

Arab Today, arab today Chinese minister warns of grim trade situation

Beijing - XINHUA

Chinese Minister of Commerce Chen Deming on Saturday warned of lingering pressure on the country\'s foreign trade from weak global demand, rising domestic costs and growing trade protectionism. \"The trade situation will be relatively grim in the next few months and there will be many difficulties next year,\" Chen told reporters at a group interview on the sidelines of the 18th National Congress of the Communist Party of China, which opened Thursday. China\'s exports rose 11.6 percent from one year earlier in October, beating market expectations for a rise of 9 percent and stronger than the 9.9-percent increase registered in September, according to latest figures from the General Administration of Customs. Imports climbed 2.4 percent year on year last month, unchanged from the growth in September. Despite the recovering export growth, China\'s total foreign trade in the first 10 months only expanded 6.3 percent from the same period of last year. It will be an arduous task to achieve the annual trade growth target of 10 percent but authorities will continue to work to that end, said Chen. He cited lack of fundamental improvements in global demand, rising production costs for Chinese labor-intensive industries and stronger protectionism sentiment as the main factors dragging down exports. Meanwhile, China\'s import growth remains tepid mainly because of lower commodity prices on the global market, said Chen. 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinese minister warns of grim trade situation Arab Today, arab today chinese minister warns of grim trade situation

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinese minister warns of grim trade situation Arab Today, arab today chinese minister warns of grim trade situation

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday