China's foreign trade expected to increase 15% in 2010.

By bne IntelliNews December 21, 2009
According to news agency Xinhua , a recent report by the China Institute for WTO Studies said that China's foreign trade was likely to grow by 15% in 2010. The report said that the declining trend in China's exports was likely to come to be reversed next year and that the country's exports were likely to increase by 13% y/y in 2010. In support of the assessment, the report cited the improvement in the global economy and the growing export competitiveness of China's products. At the same time, imports were expected to increase by around 15% y/y owing to the expected improvement in domestic demand resulting from the government's stimulus package. The report also said that China's net exports would contribute 0.3% to its GDP growth next year.
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