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(0116 CR M09)CHINA TO SEE MILD TRADE GROWTHDATELINE: Jan. 16, 2012LENGTH: 00:01:12CATEGORY: ECONOMYFILE VOChina has set a slower foreign trade growth target for 2012, as the top economic planning agency says the country is facing a "grim situation."Zhang Xiaoqiang, deputy director of the National Development and Reform Commission (NDRC) said at the Annual Meeting of China's Economy, the country aims to expand its foreign trade by around 10 percent in 2012.The target is significantly slower than that of 2011.Official data show that China's foreign trade surged 22.5 percent in 2011 from a year earlier to reach 3.64 trillion U.S. dollars.Zhang explains that weak external demand, increasing trade competition and disputes, the appreciation of the yuan and rising costs for domestic enterprises are the main factors to concern when setting up this new target.China's foreign trade has slowed down over the past few months. Compared with January of 2011, year-on-year export growth in December was Powered by Producer : Xinhua News Agency

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