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China Challenges United States to Become Second Largest Exporter

Submitted by Bill Belew on Sunday, 19 August 2007No Comment

If China continues to do business as usual, the country is forecast to overtake the United States as the world's second largest exporter.

Germany is number one.

Last year, China fell $70 billion behind the United States.

This year, however, export growth in China is 7% higher than that of the United States putting the country on target to pass the US by $50 billion.

Next year, China will surpass

Germany to become number one.china.export.up.jpg

By total trade volume…the United States is still number one and Germany is number two.

And when China becomes number one in both exports and trade volume, then what?

Nothing I suppose except for the cheerleaders over in the corner having more to shout about.

What is obvious…China's economy is far from slowing down.

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