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Foreign trade to improve after March: MOC

Xinhua, March 17, 2016 Adjust font size:

China's foreign trade will steady and improve after March, recovering from an alarming nosedive so far this year, according to the Ministry of Commerce (MOC).

Exports in dollar-denominated terms were more than 25 percent lower in February from a year earlier, worsening from the 11.2-percent decline in January and the sharpest drop since May 2009.

These official figures indicated weak demand globally, and export enterprises should expect a tough year, as many global institutions have lowered their forecasts on global economic growth in 2016, said Shen Danyang, spokesperson for the MOC, on Thursday.

"But the fundamentals for China's foreign trade remain unchanged, as the country still boasts strong competitive edges," he said.

Shen also promised policies to boost foreign trade. Endi