China 2012 trade growth likely at 6%: Commerce Minister
2012-12-28 12:55:28
China's foreign trade is likely to hit a growth rate of around 6 percent this year, Commerce Minister Chen Deming was quoted as saying by Xinhua news agency.
This was much below the official growth target of 10 percent. According to customs data, exports rose 2.9 percent year-on-year in November and imports recorded zero growth.
Chen also noted that the country's foreign direct investment will likely total $110 billion this year. Outbound direct investment by non-financial institutions will reach $70 billion in 2012, the minister was quoted as saying.