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TRADE WARS
Wen says China needs to stabilise exports: report
by Staff Writers
Beijing (AFP) Aug 25, 2012


Chinese Premier Wen Jiabao said on Saturday that China needed more policies to stabilise the country's exports, Dow Jones Newswires reported.

Wen, speaking during an inspection tour in the southern Chinese export centre of Guangdong province, also said China should utilise tools including tax rebates to help exporters, Dow Jones said, citing state radio.

The report also said that Wen called for speeding up the transformation of China's foreign trade development model and putting more weight on cultivating Chinese brands as well as intellectual property rights,

Wen also reiterated China's stance to further boost imports to help its international trade become more balanced, proactively deal with trade frictions and make more improvements to the country's investment climate.

His comments come as China's economic growth has slowed for six straight quarters, managing a 7.6 percent expansion in the three months ended June 30 for the worst performance in three years.

China's exports and imports slowed for the second consecutive month in July, official data showed earlier this month, highlighting worsening conditions in the world's second-biggest economy.

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