11 January 2010 | Jake Kanter
China has reportedly overtaken Germany as the biggest exporting country.
According to China’s state media service Xinhua, the country’s total exports reached $1.2 trillion (£743.3 billion) last year. This was slightly higher than the $1.17 trillion (£724.7 billion) forecast for Germany by the Federation of German Wholesale and Foreign Trade.
In addition, China’s exports rose to $130.7 billion (£80.9 billion) in December, 17.7 per cent higher than the same period last year. The rise broke 13 months of contraction in trade as a result of the economic downturn.
“One thing is for sure, China is the leading exporter globally,” Zhang Yansheng, director of the Institute of Foreign Trade of the National Development and Reform Commission, told China Daily.
General Administration of Customs statistician Huang Guohua added: “It is safe to say now that Chinese exporters have come right through the period of weakness.”