According to data released this Friday, January 10th, for the first time in history, China has become the world’s largest trading power surpassing U.S. in trade.
According to Chinese Customs, China’s exports increased by 7.9% and imports by 7.3%. The trade surplus was 12.8% more than the previous year. Trade rose by 7.6% over the previous year, but below the 8% target government. These results are considered the best of history and confirm a geo a twist.
President Xi Jinping, who took office in March 2013, wants to transform the economy of China, so that domestic demand is the main pillar of growth, instead than public investment.