This year's foreign trade growth target down to 6%, experts say the new normal development

This year, China's foreign trade growth target down to 6%, a record low level since 2001. Experts said the sluggish external demand, the weak foreign trade import and restructuring of many backgrounds, foreign trade development will enter a new normal.

Recently China Daily quoted Minister of Commerce Gao expressed that in 2015 China's foreign trade growth target from 7.5% down to 6%. Ministry of Commerce Foreign Trade Institute to the great wisdom news agency, said Li Jian, foreign trade growth target of 6% is the new normal in the Chinese economy a realistic goal. This year is expected to be difficult to reverse the downward trend in commodity imports downturn trend is likely to continue; weakness in external demand, exports are likely to remain weak, the economy dependent on external demand from the past to rely more on domestic demand, particularly domestic consumption change.

Data show that the first 11 months of 2014 the country's foreign trade grew only 2.2%, annual data will soon announce the expected annual growth rate of only about 3 percent, far below the 7.5% target set in early. International Trade Foreign Trade University, Dean of the great wisdom Zhao Zhongxiu news agency reports, the official foreign trade this year is expected to set the growth rate of 6%, both import and export from the status quo to make more pragmatic judgment.

This year, China's foreign trade growth target down to 6%, a record low level since 2001. Experts said the sluggish external demand, the weak foreign trade import and restructuring of many backgrounds, foreign trade development will enter a new normal.

Recently China Daily quoted Minister of Commerce Gao expressed that in 2015 China's foreign trade growth target from 7.5% down to 6%. Ministry of Commerce Foreign Trade Institute to the great wisdom news agency, said Li Jian, foreign trade growth target of 6% is the new normal in the Chinese economy a realistic goal. This year is expected to be difficult to reverse the downward trend in commodity imports downturn trend is likely to continue; weakness in external demand, exports are likely to remain weak, the economy dependent on external demand from the past to rely more on domestic demand, particularly domestic consumption change.

Data show that the first 11 months of 2014 the country's foreign trade grew only 2.2%, annual data will soon announce the expected annual growth rate of only about 3 percent, far below the 7.5% target set in early. International Trade Foreign Trade University, Dean of the great wisdom Zhao Zhongxiu news agency reports, the official foreign trade this year is expected to set the growth rate of 6%, both import and export from the status quo to make more pragmatic judgment.