As U.S. energy exports increase, the United States should think carefully about the kind of exporter it wants to be, promoting free trade and investment wherever possible, with no political strings attached. If it does, it could transform the world energy market and, in turn, reap vast political and economic rewards. Read Here – Foreign […]
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 […]
Asia’s energy-hungry economies are turning to a new, politically stable and potentially cheaper source of gas: the United States. While the domestic debate continues over U.S. energy exports, major gas importers such as Japan, South Korea and China are scrambling to invest in the new energy superpower’s gas projects. Should major exporters of liquefied natural gas […]
China surpassed the U.S. to become the world’s biggest trading nation last year as measured by the sum of exports and imports of goods, a milestone in the Asian nation’s challenge to the U.S. dominance in global commerce that emerged after the end of World War II. U.S. exports and imports of goods last year […]
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 […]
The United States surpassed the European Union in the first 11 months of 2012 to become the largest buyer of Chinese exports, according to data released by the Commerce Ministry on Tuesday. The value of US trade with China increased by 8.2 percent year-on-year to reach $438.62 billion, according to the ministry. At the same time, China‘s […]
Can China avoid becoming Japan? In a few decades’ time, we may be talking about how today’s up-and-coming economic superpower is starting to look like the Land of the Rising Sun and Falling Expectations. But before that, another country is first in line: the Republic of Korea. Despite differences in politics and size, China can […]
U.S. exports to Iran rose by nearly a third this year, chiefly because of grain sales, according to U.S. data released last week, despite the tightening of U.S. financial sanctions. The jump to $199.5 million in the first eight months of 2012 from $150.8 million a year earlier, according to Census Bureau data, is surprising given Western […]
It’s like Eskimos running out of ice: A recent report by Citigroup warns that Saudi Arabia — the world’s biggest crude exporter — may need to import oil by 2030. How did Saudi Arabia allow its fortunes to slip, even as it supplies an eighth of the world’s oil and natural gas liquids? The country […]
looking beyond borders 