BUSINESS China's commerce ministry expects trade growth to remain high in June


China's commerce ministry expects trade growth to remain high in June

China Daily

19:37, July 08, 2022

Photo taken on May 1, 2022 shows a container vessel docking at the Qianwan Container Terminal in Qingdao, East China's Shandong province. [Photo/Xinhua]

BEIJING -- China's foreign trade growth will remain relatively high in June, following 8.3-percent year-on-year growth in the first five months, the Ministry of Commerce said Thursday.

According to the ministry's research among businesses, China's trade faces increasing uncertainties in the second half of the year and the situation will remain complex and grim, ministry spokesperson Shu Jueting told a press conference.

Despite the challenges, however, the long-term positive fundamentals in trade remain unchanged due to a solid foundation, she said.

The country's multiple supportive policies will further boost the vitality of businesses, while new energy and other sectors, which have shown a sound growth momentum, will further contribute to trade growth in the second half of the year, she said.

The ministry will help businesses cut costs and boost innovation amid the country's efforts to upgrade trade, she said.

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