China faces “unprecedented” difficulty in stabilizing trade next year as favorable conditions that boosted export growth this year won’t be sustainable, according to a commerce ministry official. Export gains may slow as competing countries recover their production capacities and as inflation that pushed up export values gradually eases, Ren Hongbin, vice minister of the commerce ministry, said at a briefing in Beijing on Thursday. This year’s rapid export gains also make the base of comparison higher for 2022, he said. China will enhance trade companies’ awareness and ability to manage foreign-exchange risks, according to Ren. The government will also step up efforts to ease pressures from international logistics and supply chain problems, he said, vowing to actively ensure the supply of commodities. We will “make every effort to keep foreign trade running within a reasonable range,” Ren said. These cross-cyclical measures are meant to help stabilize trade in early […]