According to the Chinese version of the Wall Street Journal reported that the Chinese Minister of Commerce Chen Deming said, Western countries have sovereign debt issues, including China's exports to emerging market countries have a negative impact.

Chen Deming said at a forum in Hong Kong, Standard & Poor's recently cut the U.S. sovereign debt rating, and the recent global financial market turmoil, he believes that Western countries have highlighted the phenomenon of sovereign debt problems getting worse.

Chen is expected in August to September the euro area may face more debt problems; and that the Chinese government will continue to monitor developments.

He expects China's export growth this year will be 25.8% over the first half of the year on year growth rate has slowed down, but he still said exports to China have confidence in the second half.

Chen Deming said, the amount and number of export orders are down, a phenomenon in the Pearl River Delta and Yangtze River Delta region is particularly evident.

Chen also said that soaring international prices of raw materials will lead the world, especially in emerging markets inflationary pressures, he pointed out that China, for example, more than three-year high inflation rate. Chen Deming said the Chinese government's top priority remains the fight against inflation.

This articlefrom the:China Trade Information (http://en.zgxu.com),detailed reference to the above website.