China pledges to stabilise exports
China will move in 2012 to stabilise its exports, a key driver of the economy, in the face of slowing demand due to the debt crisis in the industrialised world, the Asian giant's commerce minister said Wednesday.
"We need to stabilise our exports as well as stand firm against protectionism next year," Chen Deming told reporters on the eve of the World Trade Organization's ministerial conference.
"To set a good example, we will also increase our imports to bring about trade balance," he added.
On Sunday, Chinese President Hu Jintao had pledged to resolve trade imbalances with nations that have huge deficits with the Asian powerhouse.
Hu said China was not intentionally seeking a trade surplus -- a bugbear for major trade partners such as the United States who say Beijing's exports are cheap because its currency is undervalued.
© 2011 AFP