1. China is World's #1 ex****ter.
2. China has jumped up the technology ladder. Machinery, equipment and
cars
now make up 46% of total ex****ts, while textiles are fading from the
picture.
3. China has already (October 2007) ex****ted astounding 55% more goods
than
last year.
4. China is still a developing nation. With its huge population and land
area, it has a potential to have an economy more than 10 times bigger than
Japan's, and more than 4 times bigger than USA's.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/25/cnchina125.xml&CMP=ILC-mostviewedbox
China beats Germany to take world trade crown
By Ambrose Evans-Pritchard and Mark Kleinman in Hong Kong
Last Updated: 12:17am BST 26/10/2007
China has surged ahead of Germany for the first time to become the world's
top ex****ter.
Data from the World Trade Organization show that the country vaulted past
the US at the beginning of this year and has since moved at lightning
speed
to eclipse Germany's once indomitable ex****t machine. It ****pped $111bn
(£54bn) worth of goods in August, up 55% from a year earlier.
Now boasting 8% of global ex****ts ? three times the Britain's dwindling
share ? China has jumped up the technology ladder. Machinery, equipment
and
cars now make up 46% of total ex****ts, while textiles are fading from the
picture.
