January 15, 2025 07:52 GMT
MNI BRIEF: China Sees Favourable Conditions For 2025 Trade
MNI (LONDON) - China sees favourable conditions for trade in 2025 despite rising trade barriers, Meng Yue, head of the Department of Foreign Trade at the Ministry of Commerce said on Wednesday.
Speaking to reporters, Meng said growth in global trade will support Beijing's cross-border commerce this year, citing WTO estimates of a 3% increase. China's economic recovery and a large market for commodities will also lend support, Meng noted.
China should offer to collaborate in boosting American industry as it seeks to stave off U.S. President-elect Donald Trump’s threats of 60% tariffs, a prominent economist recently told MNI in an interview. (See MNI INTERVIEW: China Should Offer To Boost US Industry-Advisor)
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