China’s Commerce Minister: Must do everything possible to spur consumption this year

Dhwani Mehta FXStreet

Chinese Commerce Minister expresses his take on the country’s consumption and trade outlook, via Reuters.

Key quotes

“Some recovery momentum in consumption seen in February.”

“Must do everything possible to spur consumption this year.”

“Pressure from foreign trade on China 'very huge' this year, situation 'very severe'.“

“External demand still uncertain.”

“Supply of raw materials, bulk commodities have not returned to normal.”

“China's foreign trade achieved steady growth in first two months of 2022.”

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