Retail in Asia

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China says exports to fully recover in 2-3 years

China said on 6 March it could take up to three years for its exports to return to pre-financial crisis levels, as the Asian powerhouse shifted its focus to domestic demand.

According to China’s Commerce Minister Chen Deming, it will take two to three years for exports to get back to 2008 levels. Chen warned the world economy was not yet on a secure footing and it was "too early to say" whether demand for Chinese exports would grow this year.