China became the world’s largest trading nation in 2013,
overtaking the US in what Beijing described as “a landmark milestone”
for the country.
China’s annual trade in goods passed the $4tn (£2.4tn) mark for the
first time last year according to official data, after exports from the
world’s second largest economy rose 7.9% to $2.21tn and imports rose
7.3% to $1.95tn.
As a result total trade rose 7.6% over the year to $4.16tn. The US is
yet to publish its 2013 trade figures, but with trade totalling $3.5tn
in the first 11 months of the year, it is unlikely to beat China.
The shift in the trading pecking order reflected China’s
rising global dominance, despite a slowdown in economic growth last
year.
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