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China Commerce Ministry Says Will Meet 2012 Export Target

6/26/2012 5:23 AM ET

China's commerce ministry said Tuesday that the country will meet the official target of 10 percent growth in exports and imports, if there is no dramatic "reversal" in foreign demand.

In June, external trade has maintained the good momentum seen in May, commerce ministry spokesman Shen Danyan said at a press conference.

In May, exports gained 15.3 percent to reach $181.14 billion and imports rose 12.7 percent to $162.44 billion, according to customs data.

As EU is China's largest trading partner, the weak economy recovery in Europe is having a relatively big impact of the country's total exports, the Ministry said.

by RTT Staff Writer

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