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Country set to be largest exporter
By Ding Qingfen and Xin Zhiming (China Daily)
Updated: 2009-12-28 07:42
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China will "very probably" surpass Germany and become the world's largest exporter this year, the Ministry of Commerce said yesterday.
"There is a high possibility that China will overtake Germany this year, ranking as the No 1 exporter worldwide, and the share of China's exports will rise to slightly more than 9 percent of the world total from 8.86 percent last year," he said.
Buoyed by the global turnaround, declines in exports began to ease since the second half of this year. China's exports fell by 18.8 percent during the first 11 months to $1.07 trillion, according to Customs.
