China faces grim foreign trade outlook
Editor: 管理员 Date:2011-11-14 Hit:5204
%3CP%3E%3CFONT%20face%3DVerdana%3EChina%20faces%20a%20pessimistic%20foreign%20trade%20outlook%20in%20light%20of%20global%20economic%20turmoil%2C%20rising%20labor%20and%20raw%20material%20costs%20and%20mounting%20pressure%20regarding%20the%20appreciation%20of%20the%20yuan%2C%20a%20senior%20commerce%20official%20said%20Friday.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EAlthough%20the%20country%20has%20maintained%20steady%20growth%20in%20foreign%20trade%20so%20far%20this%20year%2C%20it%20is%20facing%20%22very%20challenging%20trade%20conditions%2C%22%20said%20Zhong%20Shan%2C%20vice%20commerce%20minister.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChina%27s%20October%20foreign%20trade%20fell%208.3%20percent%20from%20September%20to%20reach%20297.95%20billion%20U.S.%20dollars%2C%20while%20its%20export%20growth%20dropped%20for%20a%20third%20straight%20month%20to%20stand%20at%2015.9%20percent%2C%20according%20to%20data%20from%20the%20General%20Administration%20of%20Customs.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EEurozone%20debt%20woes%2C%20a%20downgraded%20U.S.%20credit%20rating%20and%20challenging%20domestic%20business%20conditions%20will%20bring%20uncertainties%20for%20the%20country%27s%20foreign%20trade%2C%20he%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EZhong%20said%20China%20will%20continue%20to%20boost%20imports%20over%20the%20next%20five%20years%2C%20adding%20that%20he%20hopes%20other%20countries%20will%20lift%20restrictions%20on%20exports%20to%20China%20in%20order%20to%20promote%20bilateral%20trade.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%28Xinhuanet%29%3CBR%3E%3C/FONT%3E%3C/P%3E
