China export composition as regard to U.S. the world’s second-biggest exporter, despite that the world’s trade growth is expected to slow to a 6-year low of 4.5%, according to the World Trade Organization (WTO). China export driven economy surged 26% to US$1.2 trillion last year, which made it pass the U.S. to be the world’s second biggest exporter, just after Germany.
It is the first time that China’s trade exceeded the combined trade of Japan and South Korea. Last year, China made great progress in overseas prospecting and developing nonferrous metals and noble metals such as steel, copper, nickel, bauxite ore etc.
