How Have Trade Patterns Changed in Favour of China

China‘s positive economic influence has been surging in surrounding countries over the past five years, as the nation overtook the United States to become the largest trading partner of 124 economies by 2011. The number was only 70 in 2006.

The US may not be as thrilled. The country has seen a sharp decrease in trading partners during the same period, from 127 to 76.

China now boasts the world’s biggest exporter and second-largest importer, with its foreign trade growing 6.2 percent year-on-year to hit $3.867 trillion in 2012. Among that, exports to the EU, China’s biggest trading partner, reached $333.99 billion, down 6.2 percent from a year earlier, while imports from the bloc edged up 0.4 percent to $212.05 billion.

Read Here – China Daily

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