China becomes world trade leader
Read on the website Vestnik Kavkaza
China has become the world trade leader, making the USA the second in the list of top traders, Bloomberg reports.
US exports and imports totaled $3.82 trillion, about 25% of the GDP, in 2011. The figure in China totals $3.87 trillion, or over 50% of the GDP.
According to HSBC analysts, China was predicted to become the trade leader only in 2016.