WTO: China Overtakes U.S. in Exports - Bradley Klapper
From AP via Examiner.com:
China surpassed the United States as the world’s second-largest exporter in the middle of last year, according to figures released Thursday by the World Trade Organization, and the Asian country is pulling further and further ahead.
Export growth from China boomed 27 percent last year, outpacing all other major trading nations, the WTO said in releasing its first batch of global trade statistics for 2006.
While China finished behind Germany and the United States in total exports for the full year, it overtook the United States in the last six months of 2006 and will almost certainly finish above the U.S. in the 2007 totals. At current growth rates, China is projected to overtake Germany as the world’s biggest exporter in 2008.[Full Text]
