Date
26 September 2017

China passes US as top trading nation, paper says

China overtook the United States to become the world’s largest goods trading nation in 2013, People’s Daily reported on its website Sunday, citing World Trade Organization data. China’s goods trade last year came to US$4.16 trillion, an average annual growth rate of 16.4 percent since 1978. China should continue to strengthen its global competitiveness in technology and capital-intensive industries, Long Guoqiang, a senior official of the State Council’s Development Research Center, was quoted as saying. About 73 percent of high-tech products are made by foreign firms, Long said.

– Contact HKEJ at digest@ejinsight.com

TL/AC/RA

 

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