China Sees ‘Unprecedented’ Difficulty in Stabilizing 2022 Trade
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China faces “unprecedented” difficulty in stabilizing trade next year as favorable conditions that boosted export growth this year won’t be sustainable, according to a commerce ministry official.
Export gains may slow as competing countries recover their production capacities and as inflation that pushed up export values gradually eases, Ren Hongbin, vice minister of the commerce ministry, said at a briefing in Beijing on Thursday. This year’s rapid export gains also make the base of comparison higher for 2022, he said.