Commerce minister says export incentives will continue boosting trade

By Agenices Source:Reuters-Global Times Published: 2012-10-17 23:55:04

Chinese incentives will continue to help boost exports, Commerce Minister Chen Deming said in remarks published Wednesday after September trade recovered more than expected.

Chen's comments came after weekend data showed that China's September exports grew 9.9 percent,year-on-year - roughly twice the expected rate.

"The effects of various measures taken to stabilize external demand will be seen further," Chen said at a meeting in the export hub of Guangzhou, according to a statement published on the ministry's website Wednesday.

To offset a slowdown in key export markets, China has rolled out an array of measures to help relieve the burden on exporters, including quickening the payment of tax rebates, cutting red tape and increasing access to bank loans.

Although September exports were better than expected, some economists say the outlook for China's trade remains uncertain as the debt crisis festers in Europe, the single biggest overseas market for Chinese goods. A slower-than-expected recovery in the US economy may also be a major drag on China's export growth for the rest of the year.

Reuters - Global Times



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