to overtake Germany
as the world's largest exporter in 2009, despite a sharp fall in shipments as
the global downturn took its toll, a high-ranking trade official has said.
The country's share of global trade is
expected to exceed nine percent this year, up from 8.86 percent in 2008, Vice
Commerce Minister Zhong Shan said at a forum here on Sunday.
will probably surpass Germany
to become the largest exporting country," he said, according to a
statement posted on the ministry's website.
However, 2009 was a tough year for the
Asian giant with full-year exports predicted to decline by 16 percent on-year,
Zhong added -- the biggest decline in at least three decades, according to
available ministry data.
He blamed the drop on "severely weak
international demand" and "rising trade protectionism", adding
the value of trade disputes brought against China
in terms of potential losses
doubled this year to 12 billion dollars.
The country will face an "even more
complicated foreign trade situation and more arduous tasks" in 2010 given
ongoing uncertainties in international demand and the stability of the yuan's
exchange rate, Zhong said.
trade is "big but not strong", and the country must adjust its trade
structure and beef up product quality and competitiveness to "realise...
improvement in quality from an expansion in quantity", he said.
In the first 11 months of the year, the
country's exports were down by 18.8 percent from the same period last year to
1.07 trillion dollars, official figures showed.Bureau Report
First Published: Monday, December 28, 2009, 11:54