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china-in60-3.jpg Jul 19

China Says Foreign Trade Faces 'Extremely Severe' Situation

  • China’s Commerce Ministry on Wednesday said non-economic factors were growing and interfering with trade.
  • “Companies say some countries’ politicization of trade has forced orders and production to move out, damaging the economic interests of both suppliers and buyers,” an official said in Mandarin, via a CNBC translation.
  • The ministry also said its head has met with more than 20 visiting executives of foreign companies this year.