A crowded street filled with businesses in downtown Shanghai, China.(Trey Ratcliff/flickr)
A crowded street filled with businesses in downtown Shanghai, China.
(Trey Ratcliff/flickr)

China Eclipses U.S. in World Trade

February 14, 2013  •  From theTrumpet.com
Does this mean the yuan will soon depose the dollar?
 

China overtook the United States last year to become the world’s biggest trading nation as measured in exports and imports of goods, ending America’s postwar trade dominance, according to the latest official annual data released by the two countries.

The U.S.’s total imports and exports for 2012 stood at $3.82 trillion, according to the U.S. Commerce Department’s report released last Friday. China’s total trade for the same year hit $3.87 trillion.

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