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.

 

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