China Is ‘Not Too Optimistic’ about Exports Next Year

From Bloomberg:

Chinese Commerce Minister Chen Deming said he is “not too optimistic” about exports next year after a decline in the growth margin for trade in December.

“The growth rate for exports in December is going to slow down,” Chen told journalists in Geneva today. In every month of the fourth quarter, “exports were 2 percentage points down compared with same period last year.”

Exports in the first part of 2011 were better than those in the second half “so the growth rate will still look pretty good this year,” he said. The growth rate for imports this year will be about 5 percentage points higher than that for exports, he said.

http://www.bloomberg.com/news/2011-12-15/china-is-not-too-optimistic-about-exports-next-year-chen-deming-says.html