China's full-year exports expected to go down again
By Du Xiaoying | China Daily | Updated: 2016-08-20 07:48
China's full-year exports are likely to see a bigger drop than last year as downward economic pressures remain in place, a senior analyst at a government think tank said on Friday.
"Besides weak external demand, the country is suffering a hard time now," Long Guoqiang, deputy director of the Development Research Center of the State Council, told a news conference in Beijing.
He indicated traditional advantages enjoyed in previous years, such as relatively low-cost labor-intensive manufacturing industries, were losing traction in a weaker global economy while emerging advantages from expansion of the country's high-tech sector are still evolving.
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