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Reliance on trade has declined as domestic consumption growth but export-driven manufacturing still employs millions of workers and any weakness raises the risk of job losses and unrest. The commerce minister, Chen Deming, warned in November that exporters face "relatively grim" conditions in coming months and "many difficulties" in 2013. The government set a 10 percent target for trade growth in 2012 part of its recovery plan but growth in total imports and exports weakened steadily throughout the year. It fell to 5.8 percent for the 11 months through November before December's rebound. "We have reason to believe that year-end momentum will not carry over into the New Year," said IHS Global Insight analyst Alistair Thornton in a report. "With our projection for continued contraction in the Eurozone and continued slowdown in the U.S. economy, we believe China's export sector will face another uphill battle this year
-- an even tougher one than 2012." Import growth has been depressed by government curbs aimed at cooling a boom in construction and industrial investment that have cooled demand for foreign iron ore, copper and other raw materials. Communist leaders want to shift the basis of economic growth to domestic consumption and services, a strategy that promises smaller but more sustainable gains. That could hurt commodities suppliers such as Australia, Brazil and some African economies, where Chinese spending has fueled an economic boom. ___ General Administration of Customs of China (in Chinese):
http://www.customs.gov.cn/
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