.
.
.
With FCR approaching $4 trillion China will defacto become the reserve banker of the world.
Wonderful!
For the first time in 200 years an Asian superpower will dominate the state of the earths affairs.
__________________________________________
China surpasses US as world's largest trading nation
Beijing describes 2013 figures as 'a landmark milestone' as annual trade in goods passes the $4 tillion mark for the first time
![](http://adbr001cdn.archdaily.net/wp-content/uploads/2012/07/1343172167_1342103237_1_hong_kong.jpeg)
By Angela Monaghan of the Guardian and Information Clearing House.
![shipping containers](http://static.guim.co.uk/sys-images/Guardian/About/General/2014/1/10/1389352214561/shipping-containers-009.jpg)
China has overtaken the US in annual trade in goods, according to official figures. Photograph: Mark Lennihan/AP
.
China
became the world's largest trading nation in 2013, overtaking the US in
what Beijing described as "a landmark milestone" for the country.
.
China's annual trade in goods passed the $4tn (£2.4tn) mark for the first time last year according to official data, after exports from the world's second largest economy rose 7.9% to $2.21tn and imports rose 7.3% to $1.95tn.
.
As a result total trade rose 7.6% over the year to $4.16tn. The US is yet to publish its 2013 trade figures, but with trade totalling $3.5tn in the first 11 months of the year, it is unlikely to beat China.
.
The shift in the trading pecking order reflected China's rising global dominance, despite a slowdown in economic growth last year.
.
Zheng Yuesheng, a spokesman for China's customs administration, said: "It is very likely that China overtook the US to become the world's largest trading country in goods in 2013 for the first time. This is a landmark milestone for our nation's foreign trade development."
.
China had already become the world's largest exporter of goods in 2009.
.
The country's trade surplus rose 12.8% in 2013 to almost $260bn, but the December surplus of $25.6bn was down 17.4% and fell short of the $31.15bn predicted by economists in a Reuters poll.
.
Stan Shamu, market strategist at IG, described the December figure as "a high-quality miss once dissected".
.
"Imports were up 8.3%, easily surpassing expectations of 5% and showing the second highest nominal reading ever recorded. While exports missed estimates at +4.3% (as opposed to the expected +5%), the value of exports was the highest ever recorded."
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEir6epQUsGC1Y_9QedZhR6I338EpKdY07YbJXosu1sthZudnH0LcTbypl1_uCNtWze3QpcMoxJ1q-ROWQkm_3PKYn3xLFWay2-o93s_kbP1lsdSQhm4C_vNeb8MegTG0IksNaxnxJWpV8Q/s1600/China-AircraftCarrier2.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgaRbvVjUcAFfwgO2kzAdKRIgf7Hi3JrWnLHxcnpa_kvZDj1M2E66IUG4LWL2rGaQ1JceL6C_L_TKE-Tg0GQPA1la4rjjbeRTXLJLXNBDSD6xjS0zhfKAhZbHwvCWP4s5Ty-2P_b_o52MQ/s640/Chinese%252BStealth%252BShip%252B%252Bcopied%252Bfrom%252Bsea%252Bshadow%252BUS%252Bnavy%252B1.jpg)
![](http://i.dailymail.co.uk/i/pix/2011/01/04/article-1344115-0CA55C7E000005DC-700_634x286.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQJcaCfszt6v9D-pW09YdJvXV0rSYJWFbqwa-8tPFbyxET5HfsFhiqbymRNJT_HHZ7UUr0uJYN7lD3sUFlBzVho77HaYN_JW89HY4InGXrF5f3Y9VAukvSpMsPd-9c9PniQqTSloBJPzVn/s640/chinese%252Bgirl%252Bsexy%252Bchinese%252Bgirl%252Bsexy.jpg)
.
.
China's annual trade in goods passed the $4tn (£2.4tn) mark for the first time last year according to official data, after exports from the world's second largest economy rose 7.9% to $2.21tn and imports rose 7.3% to $1.95tn.
.
As a result total trade rose 7.6% over the year to $4.16tn. The US is yet to publish its 2013 trade figures, but with trade totalling $3.5tn in the first 11 months of the year, it is unlikely to beat China.
.
The shift in the trading pecking order reflected China's rising global dominance, despite a slowdown in economic growth last year.
.
Zheng Yuesheng, a spokesman for China's customs administration, said: "It is very likely that China overtook the US to become the world's largest trading country in goods in 2013 for the first time. This is a landmark milestone for our nation's foreign trade development."
.
China had already become the world's largest exporter of goods in 2009.
.
The country's trade surplus rose 12.8% in 2013 to almost $260bn, but the December surplus of $25.6bn was down 17.4% and fell short of the $31.15bn predicted by economists in a Reuters poll.
.
Stan Shamu, market strategist at IG, described the December figure as "a high-quality miss once dissected".
.
"Imports were up 8.3%, easily surpassing expectations of 5% and showing the second highest nominal reading ever recorded. While exports missed estimates at +4.3% (as opposed to the expected +5%), the value of exports was the highest ever recorded."
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEir6epQUsGC1Y_9QedZhR6I338EpKdY07YbJXosu1sthZudnH0LcTbypl1_uCNtWze3QpcMoxJ1q-ROWQkm_3PKYn3xLFWay2-o93s_kbP1lsdSQhm4C_vNeb8MegTG0IksNaxnxJWpV8Q/s1600/China-AircraftCarrier2.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgaRbvVjUcAFfwgO2kzAdKRIgf7Hi3JrWnLHxcnpa_kvZDj1M2E66IUG4LWL2rGaQ1JceL6C_L_TKE-Tg0GQPA1la4rjjbeRTXLJLXNBDSD6xjS0zhfKAhZbHwvCWP4s5Ty-2P_b_o52MQ/s640/Chinese%252BStealth%252BShip%252B%252Bcopied%252Bfrom%252Bsea%252Bshadow%252BUS%252Bnavy%252B1.jpg)
![](http://i.dailymail.co.uk/i/pix/2011/01/04/article-1344115-0CA55C7E000005DC-700_634x286.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQJcaCfszt6v9D-pW09YdJvXV0rSYJWFbqwa-8tPFbyxET5HfsFhiqbymRNJT_HHZ7UUr0uJYN7lD3sUFlBzVho77HaYN_JW89HY4InGXrF5f3Y9VAukvSpMsPd-9c9PniQqTSloBJPzVn/s640/chinese%252Bgirl%252Bsexy%252Bchinese%252Bgirl%252Bsexy.jpg)
.