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 […]
A hard landing in China could expose a large number of countries to unforeseen consequences and dash hopes of a global recovery. China’s plight also drives the final nail into the coffin of the once fashionable theory of “decoupling”, which argued for an autonomous economic sphere around China that could soar even as the US […]
Trade between the countries was $75.4 billion in 2011-12, against $59 billion in 2010-11. In 2011-12, exports to China stood at $17.9 billion while imports from there stood at $57.5 billion, resulting in a trade deficit of $39.6 billion. Read Here – Mint
looking beyond borders 