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Top News

China Nov exports slower than Oct

Published Updated

exportBEIJING: China's annual rate of export growth slowed in November versus October, vice commerce minister Chong Quan told reporters on Wednesday after an official media briefing.

China is due to publish November trade data on Saturday, December 10, with economists expecting the numbers to reveal the weakest growth in two years, excluding an anomalous slide in February when the Lunar New Year holiday disrupted activity.

Headline growth in exports in October of 15.9 percent was its most sluggish in eight months and also the slowest since November 2009 with the volatile February data stripped out.

China will face a "severe export situation" in 2012 and will try to export more to emerging markets during that time period, a commerce ministry official said earlier on Wednesday.

Wang Shouwen, director of the ministry's foreign trade department, made the comments at a news briefing.

He said China was paying particular attention to boosting imports from the United States and Europe.

Copyright Reuters, 2011

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