Chinese minister warns of grim situation in foreign trade

Chinese Minister of Commerce Chen Deming on Saturday warned of lingering pressure on the country’s foreign trade from weak global demand, rising domestic costs and growing trade protectionism.

“The trade situation will be relatively grim in the next few months and there will be many difficulties next year,” Chen told reporters at a group interview on the sidelines of the 18th National Congress of the Communist Party of China, which opened Thursday.

Xinhua