- Registration time
- Last login
- Online time
- 2 Hour
- Reading permission
China surpassed the U.S. as being the world's largest exporter
In this morning,I read this passage.It's the good news.To my surprise,the export amount reaches to $404.It can take us many opportunity.Let's go on.|
Only five years ago, the United States exported more than double the amount of China. During the first half of 2006, Chinese exports of manufactured goods reached $404 billion compared to $367 billion in exports by the U.S. — just in time for U.S. trade officials to announce their concern that China is pursuing policies aimed at giving its own firms an unfair advantage over foreign competitors.
China's surging trade surplus this year, driven by continued increases in high-tech exports, poses a major challenge to the United States’ global competitiveness and long-standing leadership in technological innovation, declares the Manufacturers Alliance/MAPI. If the issue is not addressed and the trade imbalance continues to grow — “like the gallows,” reports Manufacturing & Technology News — then "sooner rather than later the markets will trigger the inevitable adjustment, with what will almost certainly be more grim financial reaping," said analysis prepared by Ernest Preeg, MAPI's senior fellow in trade and productivity.
Although China’s roaring economic growth slowed in the third quarter, during the first six months of this year China surpassed the U.S. as being the world's largest exporter. The economy grew a still-robust 10.4 percent in the July-September quarter from the same period last year, the National Bureau of Statistics said. Only five years ago, the U.S. exported more than double the amount of China. During the first half of 2006, Chinese exports of manufactured goods reached $404 billion compared to $367 billion in exports by the U.S.