China beats Germany to take world trade crown

[Green_Bear]

China has surged ahead of Germany for the first time to become the world’s top exporter, prompting ever louder demands from the United States and Europe to revalue the yuan.
China beats Germany to take world trade crown. Beijing let the yuan break through the key barrier of 7.5 to the dollar yesterday
The euro has risen 18pc against the yuan over two years.
The EU’s trade deficit with China may top $220bn this year
Data from the World Trade Organization show that the country vaulted past the US at the beginning of this year and has since moved at lightning speed to eclipse Germany’s once indomitable export machine. It shipped $111bn (£54bn) worth of goods in August, up 55pc from a year earlier.
Now boasting 8pc of global exports – three times the Britain’s dwindling share – China has jumped up the technology ladder. Machinery, equipment and cars now make up 46pc of total exports, while textiles are fading from the picture. >>>>

**China beats Germany to take world trade crown **
telegraph.co.uk/money/main.j … ina125.xml

[HouseBuyer]

Like David McWilliams said, China started off making mickey mouse tat that no one in the West could afford to make. First it was clothes and crap childrens toys, then it was televisions and simple electronic devices, now we’re seeing them move into automobiles and machinery. One of these days, it’ll be pharmaceuticals and high-end computer processors.