Wednesday, March 16, 2011

Who wins from China's export growth?

By Edwin Lane
BBC business reporter

Downtown Shanghai
China is targeting annual growth of 8%
China's quest to become the next global economic superpower has taken an important step forward.
According to its official news agency, China is now probably the world's biggest exporter, with its exports for last year totalling $1.2tn (£749bn).
That means it is set to beat Germany - the former top exporter - which publishes its figures next month, and is a stark reminder to China's competitors of its economic might.
China is predicted to overtake Japan as the world's second largest economy as early as this year, while annual growth rates of nearly 10% put it on course to eventually overtake the US as the world's economic superpower in a matter of years.

read more: http://news.bbc.co.uk

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