LINE

Text:AAAPrint
Economy

China's 2016 exports may face sharper decline: official

1
2016-08-20 09:12Xinhua Editor: Li Yan

China's exports may continue to decline this year, probably at a sharper pace than the 1.8-percent drop in 2015, an official said Friday.

"Downward pressure on China's exports remains considerable," said Long Guoqiang, vice director of the Development Research Center of the State Council, at a news conference.

According to Long, weak external demand and protectionism against China weigh on the country's export growth. Rising labor costs also hurt China's traditional competitiveness.

"Generally speaking, we are still transitioning from old advantages to new ones," said Long.

China's foreign trade plummeted 7 percent in 2015, falling short of the annual target of around 6-percent growth.

The government work report said in March that China will try to curb the declining trend in foreign trade this year, but it did not set any specific targets.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.