China Pushes USA To Third Place
China Surpasses USA in Exports and Now Riding Germany’s Tail
China has overtaken the US as the world’s second-biggest exporter, the World Trade Organisation (WTO) said yesterday. WTO economists are also sceptical about how long emerging developing countries that have spearheaded global growth “can maintain a strong pace in the face of sluggish demand in major developed markets and rising inflationary pressures.”
1. Germany 2. China 3. USA
Germany!? How often do you see ‘Made in Germany’ on labels. Apart from some cars and Adidas, what else does it export?
Another stellar performance by China, which recorded a 26% rise in its merchandise exports to $1.2 trillion, enabled it to surge ahead of the US to be ranked the world’s second biggest exporter and is breathing down the neck of top-placed Germany.
