China Oct export growth 5-month high
However, he also said it would be difficult for China to hit a 2012 target to grow total trade by 10 percent, a line he reiterated on Saturday. January through October export growth was over 6 percent, so it will be very difficult to meet our target, but we will still try, Chen said at a press briefing.
The outlook for the next few months is relatively serious and the difficulties will extend into next year.
This year's weakening demand for China's exports was reflected in the just-concluded Canton Fair, China's largest biannual trade exhibition, where total transactions this autumn season dropped 9.3 percent from a year earlier.
Still, other Chinese economic data suggest the worst may be over, even if a sharp rebound is not at hand. Two factory purchasing managers' reports last week showed a contraction in new orders eased in October.
Figures on Friday, including industrial production and investment, suggested the economy was picking up after growth fell for seven straight quarters through the third quarter.
Despite efforts to rebalance the economy towards domestic consumption, exports generated 31 percent of gross domestic product in 2011, World Bank data shows, and supported an estimated 200 million jobs.
To steady the economy, Beijing has tried to help exporters and importers by speeding up payments of tax rebates, cutting red
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