Other challenges include the rising currency exchange rate of the Chinese yuan, which may also put additional burden on enterprises.
While the foreign trade is forecast to come to a new level this year, bucking the global trend, the commerce ministry said there are still unprecedented challenges ahead for stabilising foreign trade growth in 2022.
From January to November 2021, China's imports and exports reached 35.39 trillion yuan ($5.55 trillion), a year-on-year increase of 22 per cent, data from the general administration of customs showed.
Phased factors such as price increases that support the growth of foreign trade this year are difficult to sustain next year, especially after superimposing on the ultra-high base number in 2021, according to a report in government-controlled newspaper.
Given all these factors, it will be unprecedentedly difficult to do a good job in stabilising foreign trade next year, the vice minister said.
Fibre2Fashion News Desk (DS)