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China surpasses US as world's largest trading nation
h/t Gates of ViennaChina became the world's largest trading nation in 2013, overtaking the US in what Beijing described as "a landmark milestone" for the country. China's annual trade in goods passed the $4tn (£2.4tn) mark for the first time last year according to official data, after exports from the world's second largest economy rose 7.9% to $2.21tn and imports rose 7.3% to $1.95tn. As a result total trade rose 7.6% over the year to $4.16tn. The US is yet to publish its 2013 trade figures, but with trade totalling $3.5tn in the first 11 months of the year, it is unlikely to beat China. Socialists can't beat capitalists in trade. Posted by: g(r)omgoru 2014-01-11 |
| http://www.rantburg.com/poparticle.php?ID=383384 |