China Predicts Slower Growth Amid Yuan Value Rise

Law360, New York (November 2, 2010, 4:30 PM EDT) -- Chinese officials expect the country's overall foreign trade for 2010 to hit $2.8 trillion, a 25 percent boost over 2009, despite forecasting a slowdown in trade growth for the rest of 2010 due to the sluggish global economic recovery and the increasing value of the yuan.

According to a report issued Monday, China's Ministry of Commerce still expects the country's foreign trade to grow in 2011, but at a slower rate than it has in the first three quarters of 2010.

Despite the slow global economic...
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