360° Coverage : China still lags US in trade

China still lags US in trade

Beijing, Feb 15 (IANS) China has quashed media reports that it has surpassed the US to become the world's biggest trading nation by volume, China Daily reported Friday.

Feb 15 2013, 3:47am CST | by

China still lags US in trade
Photo Credit: MARK RALSTON, Getty Images

Beijing, Feb 15 — China has quashed media reports that it has surpassed the US to become the world's biggest trading nation by volume, China Daily reported Friday.

Recent data from the world's two largest economies show that Chinese trade in goods and services reached $3.87 trillion in 2012, according to the General Administration of Customs.

The value of US exports and imports was $3.82 trillion, according to the US commerce department.

The ministry, however, said China's combined export and import volume from last year is below that of the US when the same method of measurement is used.

IANS

Source: IANS

 
 
 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

$75,000 Apple Watch revealed
$75,000 Apple Watch revealed
When Apple's designs are not exclusive enough then there are 3rd parties who add gold and diamonds to the iGadget to make them precious. Brikk announced the Lux Watch, a diamond studded version of the Apple Watch.
 
 
Sony will not Sell Off TV And Mobile Spinoffs
Sony will not Sell Off TV And Mobile Spinoffs
Sony President Kazuo Hirai clarified on Wednesday that the company will not immediately sell off the spun out TV and mobile phone business.
 
 
Apple Watch gets 12-page Vogue Magazine Ad
Apple Watch gets 12-page Vogue Magazine Ad
The March issue of Vogue Magazine packs 12 pages of Apple Watch ads.
 
 
Wearables that go beyond the Apple Watch
Wearables that go beyond the Apple Watch
Apple Watch is going to open a new chapter in wearables, but where is the future?