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China expects trade to grow at similar pace to GDP

Published on Jan 16, 2013 2:14 PM

BEIJING (AFP) - China said on Wednesday that it expects foreign trade to grow at a similar pace to the economy this year, indicating a feeble pickup from 2012.

"Our target this year is... to try to keep foreign trade increasing at a rate that is roughly in accordance with GDP growth," Mr Shen Danyang, spokesman of the Ministry of Commerce, told reporters at a regular briefing without giving a specific figure.

China had declared it wanted to see trade grow by 10 per cent in 2012, but last week announced expansion of 6.2 per cent for the period, missing the target.

That was a marked slowdown from 2011, when trade increased 22.5 per cent.

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