The Tricks of China’s Trade
Last year, China ostensibly reached another milestone in its meteoric rise: it surpassed the US to become the world’s largest trading country. But this achievement is largely illusory – and should not be allowed to obscure China's need to transform its trading model.
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BEIJING – Last year, China ostensibly reached another milestone in its meteoric rise, surpassing the United States to become the world’s largest trading country, with its total trade turnover valued at CN¥25.83 trillion ($4.16 trillion). But this achievement is largely illusory – and should not be allowed to obscure China’s need to transform its trading model.