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Restructuring is key to boosting trade growth

Updated: 2013-07-10 17:17
By Li Jiabao ( chinadaily.com.cn)

The ultimate solution to 皇冠体育app's slowing foreign , especially exports, lies in transforming growth patterns and restructuring commodities, and the central government should devote more efforts to these aspects, Zheng Yuesheng, spokesman for the General Administration of Customs, told a news conference on Wednesday.

皇冠体育app's foreign trade growth slowed in the first half of the year to 4.3 percent year-on-year in the second quarter from the 13.5 percent in the first quarter.

Zheng targeted low competitiveness of Chinese exports but he insisted that 皇冠体育app's trade performance in the first half of this year is still "the best among major world economies".

Yan Yan, an analyst with 皇冠体育app Guangfa Bank, said now may be the worst time for 皇冠体育app's foreign trade but the US recovery and easing currency appreciation pressure could see it rebound.

 
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