For the first time, China has surged ahead of the world's top exporter Germany after the release of the WTO's latest international trade figures this month. The country exported good worth USD878 billion in the first nine months of this year.
Numbers from the World Trade Organization show that China has exported
goods worth USD111 billion in August, a 55 per cent increase to last
year. This helped to boost its total exports for 2007 to USD878 billion.
The UK based Telegraph reports that China is now responsible for 8 per
cent of global exports. This is three times the figure of the UK.
Recent figures indicate that the Chinese have also climbed up the
technology ladder. China was known
for exporting cheap and labor intensive goods with little added value
such as textiles, toys or basic telephones units. Today, machinery
equipment and cars make up 46 per cent of its total exports.
The growing export share puts more pressure on the Chinese government
to appreciate the RMB. This week, the national currency has broken
through the key barrier of RMB7.5 to USD1 for the first time ever.
News & Interviews 
For the first time, China has surged ahead of the world's top exporter Germany after the release of the WTO's latest international trade figures this month. The country exported good worth USD878 billion in the first nine months of this year.
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