China lowers trade target for 2015 to 6%

FXStreet (Mumbai) - The China daily reports that the world’s second largest economy has cut its target for the growth of external trade to 6% in 2015, compared with the 7.5% target this year.

China is likely to miss the current year target, mainly due to the slowdown in imports. As per the Dow Jones Newswires' calculations, during the first 11 months of 2014 total trade was up just 3.5% year-over-year in U.S. dollar terms.