Home Page | Photos | Video | Forum | Most Popular | Special Reports | Biz China Weekly
Make Us Your Home Page
Most Searched: CPC  South China Sea  Belt and Road Initiative  AIIB  RMB  

China's 2016 exports may face sharper decline: official

Source: Xinhua   2016-08-19 20:06:38

BEIJING, Aug. 19 (Xinhua) -- China's exports may continue to decline this year, probably at a sharper pace than the 1.8-percent drop in 2015, an official said Friday.

"Downward pressure on China's exports remains considerable," said Long Guoqiang, vice director of the Development Research Center of the State Council, at a news conference.

According to Long, weak external demand and protectionism against China weigh on the country's export growth. Rising labor costs also hurt China's traditional competitiveness.

"Generally speaking, we are still transitioning from old advantages to new ones," said Long.

China's foreign trade plummeted 7 percent in 2015, falling short of the annual target of around 6-percent growth.

The government work report said in March that China will try to curb the declining trend in foreign trade this year, but it did not set any specific targets.

Editor: Tian Shaohui
Related News
           
Photos  >>
Video  >>
  Special Reports  >>
Xinhuanet

China's 2016 exports may face sharper decline: official

Source: Xinhua 2016-08-19 20:06:38
[Editor: huaxia]

BEIJING, Aug. 19 (Xinhua) -- China's exports may continue to decline this year, probably at a sharper pace than the 1.8-percent drop in 2015, an official said Friday.

"Downward pressure on China's exports remains considerable," said Long Guoqiang, vice director of the Development Research Center of the State Council, at a news conference.

According to Long, weak external demand and protectionism against China weigh on the country's export growth. Rising labor costs also hurt China's traditional competitiveness.

"Generally speaking, we are still transitioning from old advantages to new ones," said Long.

China's foreign trade plummeted 7 percent in 2015, falling short of the annual target of around 6-percent growth.

The government work report said in March that China will try to curb the declining trend in foreign trade this year, but it did not set any specific targets.

[Editor: huaxia]
010020070750000000000000011100001356156511