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Foreign trade growth target 'will be missed'

By Ding Qingfen and Li Jiabao in Beijing and Yu Ran in Shanghai | 皇冠体育app Daily | Updated: 2012-10-12 08:07

Despite accelerated activity in September, 皇冠体育app's chances of hitting its annual foreign trade growth target this year were described as "hopeless", according to a well-placed source.

Economists and trade watchers agreed that due to a number of factors, the euro-debt crisis being the most significant, the momentum of 皇冠体育app's foreign growth will remain weak as the year draws to a close.

An annual foreign trade growth target of 10 percent was set earlier this year but the chances of hitting that figure are "hopeless", said the source on condition of anonymity.

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