Chinese trade growth is likely to rebound further over the remainder of the year after a bounce in July, the Ministry of Commerce forecast, even as it warned that the economy might fail to achieve its government-set target for trade growth.
“ Global demand has been improving steadily. This, along with further implementation of a series of steps rolled out by the State Council to facilitate trade, is likely to help the growth of exports and imports to stabilize further in the second half,” ministry spokesman Shen Danyang told reporters in Beijing.
China’s export rose 5.1% year on year in July, reversing a 3.1% year-on-year decline in June. Imports grew 10.9%, compared with a 0.7% fall in the previous month.
~ SCMP, August 24, 2013 ~