USA Crisis

China beats U.S. as the world’s second-biggest exporter

May 7, 2008 on 8:46 am | In Uncategorized |

Dan Zappone wrote an interesting post today on
Here’s a quick extract

China has beaten the U.S. as the world’s second-biggest exporter, ignoring that the world’s trade vegetation is expected to slow to a 6-year low of 4.5%, according to the World Trade Organization (WTO).
The realm’s merchandise exports surged 26% to US$1.2 trillion last year, which made it pass the U.S. to be the world’s second biggest exporter, just after Germany.
It is the firstly time that China’s trade exceeded the combined trade of Japan and South Korea.
Last year, China made horrific progress in overseas prospecting and developing nonferrous metals and noble metals such as steel, copper, nickel, bauxite ore etc.

Read the rest of this outstanding post here