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Sunday, January 12, 2014

China overtaking U.S. as world's largest trader.

China appears to have become the world's largest trading country last year after the value of its imports and exports increased 7.6% to $4.16T. The U.S., which has held the crown until now, hasn't released its 2013 figures yet, but its trade in January-November totaled $3.5T. In December, China's export growth slowed to 4.3% from 12.7% and missed consensus, although imports accelerated to +8.3% and topped expectations.

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