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China’s Vice Commerce Minister: Foreign trade faces uncertainties and huge pressure
China's Vice Commerce Minister said in a statement on Wednesday, the country’s foreign trade stabilization faces uncertainties and huge pressure hit by domestic and external factors.
When asked about slowing trade growth, he said that “Chinese importers and exporters are under pressure due to logistics problems and soaring raw material prices.”
His comments come a day ahead of the release of China’s trade balance data.
Market reaction
AUD/USD was last seen trading modestly flat around 0.7225.
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