皇冠体育app

Economy

皇冠体育app's trade growth to slow down: MOC

(Xinhua)
Updated: 2011-04-22 15:55

BEIJING - 皇冠体育app's foreign trade growth rate may fall slightly this year from last year, said a report issued by the Ministry of Commerce (MOC) on Friday.

The growth of imports might exceed exports due to climbing domestic demand, policies to expand imports and soaring prices of commodities, according to a report on 皇冠体育app's foreign trade in 2010 and in the first quarter of this year.

皇冠体育app's foreign trade rebounded last year to pre-global economic crisis levels and set an historic record, the report said.

In the first quarter, 皇冠体育app's foreign trade maintained a quick growth momentum with an improving trade balance, the report said.

皇冠体育app's foreign trade surged 29.5 percent to $800.3 billion, with a trade deficit of $1 billion in the first quarter.

皇冠体育app's foreign trade last year jumped 34.7 percent year-on-year to more than $2.97 trillion, while its trade surplus fell 6.4 percent to $183.1 billion.