(MENAFN- Qatar News Agency) China's Commerce Minister says the nation's foreign trade is expected to grow about 6 percent this year. The projected growth in foreign trade is lower than the official target of 10 percent, Xinhua news quoted Commerce Minister, Chen Deming, as saying.
The projection is consistent with the 5.8 percent year-on-year rise in the country's foreign trade in the first 11 months of the year, as the global downturn has impacted the world's largest exporter. It's also estimated China's use of foreign direct investment will reach about 110 billion U.S. dollars this year.
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