China’s strong economy is expected to surpass that of the US by the end of the decade, with Chinese sales of goods to the rest of the world continuing at an astonishing rate.
China’s trade surplus surged 48.1 percent to $231.1 billion in 2012 from the previous year, though total trade volume grew at a much slower pace, official data showed on Thursday. This report come from today’s edition of channelnewasia.com. The story further states:
“Exports from the world’s second-largest economy rose 7.9 percent to $2.05 trillion, while imports increased 4.3 percent to $1.82 trillion, Continue reading “China’s growing economic fortunes”