China Pegs Falling Demand as Biggest Trade Threat
China's vice commerce minister said declining overseas demand for Chinese goods is the biggest threat to its international trade sector, Bloomberg reported. Speaking Sept. 27 at a press conference, Wang Shouwen said that despite this threat, he expects foreign trade…
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to grow in the second half of the year. "The slowdown in external demand is the biggest uncertainty faced by China’s trade,” the minister said. “Our companies are reporting falling orders, as the demand from major markets is declining.”