China trade outlook faces weak demand, rising costs

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BEIJING: China's trade outlook faces weak external demand and rising costs, the country's Ministry of Commerce said on Tuesday, warning that the debt problems of advanced economies would bring challenges to China.

"Debt crises in developed countries are bringing rising pressure and challenges to the vast emerging market countries, including China," Chinese Vice Commerce Minister Jiang Yaoping said in a statement.

"China's trade development is facing multiple pressures, including sluggish external demand, and rising costs and intensifying global competition," said Jiang.

China has voiced concern that the debt problems and sluggish growth in Europe and the United States could drag on prospects for global economic recovery.