CHINA SURPASS THE USA IN WORLD TRADE

China reaches the top of the world , is the first commercial power in the world. It is accomplished by passing the historic Dragon on the United States , to seal unbroken ascent in recent decades. According to data released today by the Chinese Government , the sum of the value of goods imported and exported from China to the entire 2013 reached 4.16 trillion U.S. dollars, marking a growth of 7.6% over the previous year .

According to the Financial Times, the U.S. will release similar data only in February, but the ones on the first 11 months of the year showed a total trade value amounted to 3.57 trillion , which is certain to overtake. The financial newspaper points out that it would be a return to the top, because the scholars say that China was the country with the largest global trade during the Qing Dynasty, who reigned from 1644 until 1912.

In 2013, Chinese exports increased 7.9 % , to 2.21 trillion dollars, and at the same time , imports have grown by 7.3 % to 1.95 trillion , showing a positive trend in domestic demand. The foreign trade surplus rose to 259.75 billion U.S. dollars in 2013 , the highest level since 2008 , an increase of 12.8% over the previous year . Trade with the European Union , China’s biggest trading partner , rose by 2.1% to 559.1 billion dollars in 2013. China exported goods worth 339 billion in the EU , while imports reached 220.1 billion dollars. The greater the leap of trade with the U.S., second largest trading partner , rose 7.5% to 521 billion dollars. Chinese exports to the U.S. have come to 368.4 billion dollars, while imports amounted to 152.6 billion .

Overtaking occurs while , as regards the month of December alone , the Chinese trade surplus stood well below expectations , with a balance of 25.6 billion dollars , up from 33.8 billion the previous month. Analysts estimated a performance of around 32.6 billion .

The commercial leadership is just the latest of primates in China. China is already the world’s biggest consumer of energy, as well as the major international car market . The supremacy of the West is now a memory , Brussels and Washington who are struggling in the transatlantic free trade area negotiations is likely to be too late to remedy .