China Plays Footsie on Trade Numbers

The Ministry of Commerce has quashed recent media reports speculating that China had surpassed the United States to become the world’s biggest trading nation by volume.

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, while the value of US exports and imports was $3.82 trillion, according to the US Commerce Department.

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

Read Here – China Daily

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