China says Q2 trade growth to stabilize at "low level"


29/04/2012 05:38 AST  Reuters

China's trade growth in the second quarter should stabilize at a "low level", the Commerce Ministry said on Friday in a regular spring assessment of business conditions that cautioned tough times ahead.

Without predicting when trade flows would recover, the ministry said the world's second-biggest economy still faced considerable headwinds and that price pressures were building despite slackening activity.

But it noted that the Chinese economy, which grew at its slowest annual pace in nearly three years at 8.1 percent in the first quarter, was supported by good fundamentals.

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