China Now World’s Largest Exporter
According to the World Trade Organization, China has overtaken Germany as the world’s largest exporter during the first half of 2009. China has been experiencing fast-paced growth the last several years but has previously not reached Germany’s levels. From January through June 2009, China’s total export volume amounted to $521.7 billion, slightly exceeding Germany’s exports, which totaled $521.6 billion.
A
WTO spokesperson said the two countries remain in very close competition, and it’s too soon to tell if China or Germany will be the largest exporter for the entire year of 2009 – it depends on exchange rates and the rate of economic recovery in each country.
For more information visit the Journal of Commerce or the World Trade Organization.
[...] This post was Twitted by lmeling [...]