Hong Kong: Due to expanding trade with emerging markets, average growth rate of China’s exports are expected to reach 12% annually from 2013-2015, according to a report of HSBC. India and Vietnam will be the fastest growing markets for China with annual growth rates of 20% and 18%.
"China's trade growth has slowed since the beginning of the year due to the European debt crisis and the United States' economic downturn, but it's only temporary. Recent trade data has shown signs of a stabilizing market. The country will maintain a strong trade momentum in the long run, as it expands trading with emerging markets," said Bruce Alter, head of trade, HSBC China. [22/11/12]