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China's premier vows support for exporters, graduates

Published on Apr 30, 2014 8:18 PM
 
China will step up support for the trade sector, including quickening the pace of tax rebate payment for exporters, Premier Li Keqiang said on Wednesday, April 30, 2014, as part of policy measures to support a slowing economy. -- FILE PHOTO: AFP

BEIJING (REUTERS) - China will step up support for the trade sector, including quickening the pace of tax rebate payment for exporters, Premier Li Keqiang said on Wednesday, as part of policy measures to support a slowing economy.

Mr Li told a regular cabinet meeting that the government faced a tough job to achieve its trade target this year, according to a statement on the central government website, www.gov.cn.

"China's trade is facing a severe and complex situation and we need to make arduous efforts to achieve the annual goal for trade growth this year," Mr Li said. "We must take resolute and forceful measures to promote steady growth in exports and imports."

The government aims for 7.5 per cent annual growth in combined exports and imports in 2014 - the same as the annual economic growth target. Exports fell 6.6 per cent in March from a year earlier, following an 18.1 per cent slide in February, and imports fell 11.3 per cent, their weakest performance in 13 months. That helped drag annual economic growth to 7.4 per cent in the first quarter from 7.7 per cent the previous quarter.

 
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