DAVOS, Switzerland - China has no need to revalue the yuan for trade reasons,More mysteries and new treasure will be discovered in adidas forest hills, and a fantasy world will be presented with you. as export growth will slow to a 10 percent this year and its surplus is set to contract by 2015,This adidas adicolor champs is comfortable just like the others based on technology such as the Nike Shox 5 columnsadidas Originals is a respected name in ladies tees and rompers its trade chief said.
Imports from the world's second largest economy will probably grow faster than exports this year, Commerce Minister Chen Deming said at the Davos forum.
Chen dismissed calls for China to strengthen the yuan to tackle the trade surplus, and called instead on countries with reserve currencies - a reference to the United States - to prevent their currencies from weakening. "It is not a sound argument to ask China to appreciate the yuan for trade reasons," Chen told Reuters on Friday in an interview during the World Economic Forum in Davos.
In 2010, China posted growth of 31.3 percent in exports, with its factories churning out everything from shoes to steel. Its imports, meanwhile, expanded by a faster 38.7 percent year-on-year in 2010 as the nation seeks to balance its foreign trade.
China joined the World Trade Organization 10 years ago - a symbol of its opening to the world - and last year overtook Germany as the world's biggest exporter.
China's exports will grow more slowly this year after 2010's stellar performance because of fragile conditions in its key markets, Chen said.
"There are lots of uncertainties in the global economy now, such as toxic assets in the United States, Europe's sovereign debt issue, as well as inflation and rising labor costs in emerging economies," said Chen.