It is currently being forecasted that China could potentially post trade deficits over the next six months as export recovery is weak while import growth remains strong and intact. China's ministry spokesman, Yao Jian, stated that it is believed that exports will not regain their potential growth momentum for another 2 to 3 years.
Yao has also urged that the U.S. reduce "protectionist" measures, so as to be able to increase Chinese exports.
Thursday, February 25, 2010
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