China''s foreign trade to fare better in 2013 

(MENAFN - Kuwait News Agency (KUNA)) China's foreign trade will fare better next year than in 2012, with the second half of 2013 outperforming the first six months, Commerce Minister Chen Deming said on Wednesday, state-run Xinhua News Agency reported.

"A more accurate forecast will come after full-year figures for 2012 are released," Chen was quoted as saying at the ongoing two-day annual economic conference in Beijing.

Chen also warned that China's exports next year will face many uncertainties, adding that problems in foreign trade for China include the "fiscal cliff" in some countries, and whether budgets in some economic unions will be passed.

"Inflationary pressures may also appear after the economy picks up," Chen added.

Trade ties with emerging markets, Chen said, will be China's focus, including those with the Association of Southeast Asian Nations, South America, Africa, and the neighboring Central Asia.