Analysts predict trade deficit for China in two years

Note: This section contains information in English only.
Source: XINHUANEWS
© Scanpix/AP

According to Li Daokui, associate of monetary policy board and consultant at the People's Bank of China, the country's economy may reach zero or even negative trade balance by the end of 2013. China's diminishing trade surplus is predicted to decline to $150bn this year while its yearly GDP may fall from 8% to 1.5%. Li pointed out that China is likely to face serious challenges in next 5-10 years.

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