CHINA faces 'unprecedented' difficulty in stabilising trade next year as favourable conditions that boosted export growth in 2021 year won't be sustainable, according to a commerce ministry official, Bloomberg reported.
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 recent briefing in Beijing. Last year's rapid export gains also make the base of comparison higher for 2022, he said.
China will enhance trade companies' awareness and ability to manage foreign-exchange risks, according to Mr Ren. The government will also step up efforts to ease pressures from international logistics and supply chain problems, he said, vowing to actively ensure the supply of commodities.
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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 recent briefing in Beijing. Last year's rapid export gains also make the base of comparison higher for 2022, he said.
China will enhance trade companies' awareness and ability to manage foreign-exchange risks, according to Mr Ren. The government will also step up efforts to ease pressures from international logistics and supply chain problems, he said, vowing to actively ensure the supply of commodities.
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