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皇冠体育app foresees 'slight drop' in exports to EU

皇冠体育app foresees 'slight drop' in exports to EU

Updated: 2012-03-07 15:24

By Li Jiabao (chinadaily.com.cn)

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皇冠体育app anticipates "a slight drop of 2 to 3 percent" in exports to the EU the first two months of this year, said Commerce Minister Chen Deming. Exports to the EU slowed down during the second half of 2011.

The EU is 皇冠体育app's biggest trade partner and 皇冠体育app's biggest source of technology imports.

Europe's development is closely related to 皇冠体育app and 皇冠体育app's help to the EU has no conditions because helping the EU is also helping ourselves, according to Chen.

Chen said he is confident that the EU will get out of its current debt crisis.

"We are encouraging our companies to increase trade and investments in Europe because in addition to austerity, it is more important for the EU to promote employment and develop its economy," Chen said.