China’s foreign trade growth will likely slow to about 10% in 2011 compared with the 30% growth recorded this year, state media reported, citing commerce ministry sources. Speaking separately, Commerce Minister Chen Deming said that although foreign trade growth is expected to slow, Beijing will work to increase the level of imports next year to trim the country’s trade surplus. "China will pay more attention to boosting imports to help balance foreign trade, while the nation aims to stabilize exports and grow its share in the global market," Chen said. Customs administration statistics show that China’s trade surplus narrowed by 3.9% to US$170 billion during the January-November period. However, Beijing’s monthly trade surplus has hovered around the US$20 billion mark since the summer.
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