(MENAFN- Qatar News Agency) China's exports will maintain relatively fast growth in December, but companies should remain cautious, a Chinese Ministry of Commerce spokesman said.
Shen Danyang told a monthly press conference that an exporter confidence index rose by 1.1% percentage points from October to 100 in November, citing a ministry survey of more than 1,900 foreign trade companies, according to China's (Xinhua) News Agency
"The index still hovers near the boom-bust line of 100, showing that trading companies are still relatively cautious about the future export situation," Shen said
He added that the country should not be too optimistic
Customs data showed China's exports went up 12.7%t year on year in November, up from a growth of 5.6% in the previous month
Shen attributed the fast growth mainly to the recovery in developed nations, the government's policies to stabilize expansion and a low base number in November 2012.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.