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Ministry confident on China's exports in post crisis era

By Jiang Wei and Wang Bo (chinadaily.com.cn)
Updated: 2009-07-04 13:12

Special Coverage: 2009 Global Think Tank Summit Related readings:  China trade falls in June but decline less severe  China exports lost $50.5B over technical barriers  China defends export policy against US, EU complaints  Beijing may face WTO action on exports

Despite the coordinated demand slump in the US and European countries, China's exports could gain traction from trading with major developing countries in the post crisis era, Yi Xiaozhun, deputy minister of commerce, said Saturday in Beijing.

Though demand from the developed world may shrink after the global recession, there is no need to be pessimistic about China's exports as the world could see trade between developing countries rising significantly in the future, Yi said during the two-day Global Think Tank Summit.

Many experts attending the summit agreed that it would take two to three years for global trade to recover.