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China set to be world's biggest exporter this year
Jul 23, 2009 04:18
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China will overtake Germany as the biggest goods exporter this year, said the World Trade Organization yesterday. WTO repeated its forecast of 10 percent drop in world trade volumes this year, the biggest fall in 60 years. Asian countries are less affected by the Financial Crisis. China realized a year-on-year growth of nearly 8 per cent in the second quarter, a good sign of surpassing Germany as the largest exporter this year.
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