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Experts predict slowing export growth

(Global Times)

08:10, May 08, 2012

According to a survey conducted by Chinese media which queried experts from 50 financial institutions, China's imports are expected to grow by 11.1 percent year-on-year in April, up 5.8 percent compared with the year-on-year growth rate recorded in March. Meanwhile, the growth rate of China's exports is expected to gain by 9.2 percent year-on-year in April, up a scant 0.3 percent compared with the previous month's year-on-year growth tally.

Although the country's GDP growth rate dropped to 8.1 percent in the first quarter, mounting demand from the domestic manufacturing sector will push up commodities imports, said Lian Ping, an economist from Bank of Communications.

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