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China Now The World’s Leading Trader

Container Ship

For the first time ever China has overtaken the United States as the biggest trader of goods in the world.

According to figures released by Beijing on Friday, the value of China’s imports and exports in 2013 reached $4.16 trillion. This will almost certainly surpass the American figure, which won’t be released until February — but seeing as U.S. goods traded from January to November 2013 amounted to $3.57 trillion, there is little likelihood it will be higher than China’s.

That means not only is everything made in China, but it’s also traded there too. The Chinese are celebrating this as a milestone for their nation’s foreign trade development.

[H/T Time]
By | 2017-02-01T14:57:07+00:00 January 17th, 2014|Growth|

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