RTRS-China may miss 2012 growth target

Vice premier Wang Qishan said China will have a hard time meeting it’s 10% growth trade target this year. “China should not underestimate the impact of external shocks on it’s economy, although Beijing will try to keep trade growth as stable as possible”. Concerns that even this goal may not be met suggest the country’s downturn is proving deeper than expected. Forecast for the July 10th release is for exports to grow 9.9% from last year with imports growing 12.7%.