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Hu Jintao
China still faces 'severity' in foreign trade, urges unity in Europe
China still faces 'severity' in foreign trade, urges unity in Europe

China’s foreign trade situation will face “continuing severity” this year, according to Commerce Minister Chen Deming in a statement Monday. But, “if lucky,” imports and exports could still grow about 10%, according to a brief note on the central government website. Chinese officials are increasingly taking a cautious tone toward the economic outlook in the world’s second-largest economy as Europe, a key trading partner, continues to grapple with its debt crisis. Also Monday, after Spain asked for a 100-billion-euro bailout and concerns mounted over upcoming elections in Greece and possible contagion in Italy, China’s Vice Finance Minister Zhu...

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