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China Passes Germany to Become Worlds Biggest Exporter, Reports Tortola Capital
China dethrones Germany as top global exporter, reports Tortola Capital.
China's new status is mostly symbolic but highlights its growing presence as an industrial power, major buyer of oil, iron ore and other commodities and, increasingly, as an investor and strong voice in managing the global economy.
Its ability to unseat longtime leader Germany reflects the ability of agile, low-cost Chinese manufacturers to keep selling abroad as other exporters have been hit by a slump in global demand.
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