China is facing “unprecedented” difficulty in stabilizing trade next year as favorable conditions that boosted export growth this year would not be sustainable, Chinese Vice Minister of Commerce Ren Hongbin (任鴻斌) told a briefing in Beijing yesterday.
Export gains might slow as competing countries recover their production capacities and as inflation that pushed up export values gradually eases, Ren said.
This year’s rapid export gains also make the base of comparison higher for next year, he added.
The Chinese government would enhance trade companies’ awareness and ability to manage foreign exchange risks, Ren said.
Beijing would also step up efforts to ease
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