Domestic boost not enough to spur exports, says Mofcom
By Ding Qingfen | China Daily | Updated: 2009-08-13 07:57
China's efforts to boost domestic consumption may not be enough to arrest the slide in exports and more steps may be necessary if the nation has to achieve this year's foreign trade target of over $2 trillion, said the Ministry of Commerce (Mofcom).
"Domestic demand alone cannot make up for the export shortfall," said Fu Ziying, vice-minister, Mofcom.
"We will continue with our efforts to stabilize Chinese exports and boost market share abroad," he said.
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