Decipher China’s Role as No. 1 Trader.docVIP

Decipher China’s Role as No. 1 Trader Even though there was sus- picion over the authenticity of the data about the goods trade of China in the first four months of 2013， there were enough marks to show that China could definitely have surpassed the U.S. and taken the first place in the global goods trade last year. On January 10， Zheng Yuesheng， spokesman for the General Administration of Customs， said in a press conference that China’s goods trade volume surpassed the U.S. in 2013 and its imports and exports marched into a new era as the total volume exceeded one trillion yuan. China’s local media CBN Daily made a report at the beginning of this year， tacking down the data about goods trade in the past 11 months. The analysts capitalize on the statistical range of the international trade taken by the WTO， pointing out that it was an impossible mission for the U.S. to keep the championship in the global trade volume in 2013. Then， what happened to the external trade of China in 2013 and what is pushing China to be the world’s largest trader. In that case， the strategy of“making China go out” is an indispens- able factor. The said “making China go out”refers to the increased focus of China on overseas investment and deals. From January to November 2013， China invested totally US$80.24 billion in the non-financial industries of overseas markets， with the 28.3% year-on-year growth rate. It is expectable that China would speed up in“going out”， leading to the faster growth rate of China’s export. Behind the“Mission Impossible” In the press conference on January 10， Zheng Yuesheng listed a group of data to make his speech more convincing. The data offered by Zheng Yuesheng showed that the total imports and exports volume of China in the first ten months of 2013 had surpassed the U.S. by US$192 billion. In addition， the annual growth rate of China’s trade was 7 percent higher than the U.S. ‘Based on these， I think it has been confirmed that China could defeat the U.S. an