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China foresees further expanding trade in 2014

21 Mar 2014

RenminbiAfter an excellent performance by China’s import and export business in January 2014, the country is optimistic that trade will grow even further in an already vast industry.

Shen Danyang, a Ministry of Commerce spokesperson, stated, “We are confident that China’s trade can maintain a similar growth momentum as that of last year based on further economic restructuring”. The optimism is directly attributed to a growth in trade of 10.3% (a rise of 10.6% in exports and 10% in imports) in the first month of 2014.

Shen further explains that he believes China’s expanding trade in January is accredited to “the fast recovery of global demand, the government’s policies to stabilise trade and seasonal factors”.

China’s total trade increased by 7.6% in 2013 to US$4.16 trillion - overtaking the previous record of US$4 trillion.

View the original article here.