China Warns Waning Global Demand Is Top Threat to Trade
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Overseas demand for goods from China is weakening as the global economy slows, warned a senior Chinese commerce ministry official, though the country still expects foreign trade to grow in the second half of this year.
“The slowdown in external demand is the biggest uncertainty faced by China’s trade,” said Vice Commerce Minister Wang Shouwen during a press conference Tuesday in Beijing. “Our companies are reporting falling orders, as the demand from major markets is declining.”