China Sees Momentum for Trade Growth

China’s commerce ministry said that the nation’s trade growth is improving, adding to a rebound in lending in signaling that a slowdown in the world’s second-biggest economy may stabilize.

China can achieve a 10 percent gain in exports and imports this year if the world economy doesn’t worsen further, spokesman Shen Danyang said at a briefing in Beijing today. Trade growth had “sound momentum” in June, Shen said.