China Pegs Falling Demand as Biggest Trade Threat
China's vice commerce minister said declining overseas demand for Chinese goods is the biggest threat to its international trade sector, Bloomberg reported. Speaking Sept. 27 at a press conference, Wang Shouwen said that despite this threat, he expects foreign trade…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
to grow in the second half of the year. "The slowdown in external demand is the biggest uncertainty faced by China’s trade,” the minister said. “Our companies are reporting falling orders, as the demand from major markets is declining.”