China takes "urgent" measures to prop up faltering trade

08/1/2013 | Market News International · China Daily (Beijing)

China's State Council said it will expand lending of foreign exchange reserves, raise subsidies for importers and stabilize the value of the yuan to reverse weaker trade volume. "The growth of exports and imports has slowed significantly," the council said in a document posted on government websites. "There are increasing difficulties restricting trade development and the task of speeding up the change of the trade growth pattern is urgent."

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Market News International · China Daily (Beijing)

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