Bloomberg News

China’s ‘Not Too Optimistic’ About Exports in 2012, Chen Says

December 15, 2011

Dec. 15 (Bloomberg) -- Chinese Commerce Minister Chen Deming said he is “not too optimistic” about exports next year after a decline in the growth margin for trade in December.

“The growth rate for exports in December is going to slow down,” Chen told journalists in Geneva today. In every month of the fourth quarter, “exports were 2 percentage points down compared with same period last year.”

Exports in the first part of 2011 were better than those in the second half “so the growth rate will still look pretty good this year,” he said. The growth rate for imports this year will be about 5 percentage points higher than that for exports, he said.

To contact the editor responsible for this story: Jennifer M. Freedman at jfreedman@bloomberg.net


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus