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Foreign trade growth target 'will be missed'

By Ding Qingfen and Li Jiabao in Beijing and Yu Ran in Shanghai | China Daily | Updated: 2012-10-12 08:07

Despite accelerated activity in September, China's chances of hitting its annual foreign trade growth target this year were described as "hopeless", according to a well-placed source.

Economists and trade watchers agreed that due to a number of factors, the euro-debt crisis being the most significant, the momentum of China's foreign growth will remain weak as the year draws to a close.

An annual foreign trade growth target of 10 percent was set earlier this year but the chances of hitting that figure are "hopeless", said the source on condition of anonymity.

Foreign trade growth target 'will be missed'

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