In just five years, China surpassed the US as leading a trading partner in the world. With 124 countries considering China their largest trading partner and only 76 having that relationship with the US, the Asian country’s influence is on the rise.
In 2006, the US was the larger trading partner for 127 countries, while China dominated among 70. In 2011, the numbers reversed, with China dominating trade among 124 countries and the US being the top trade partner for only 76, the Associated Press reported. Some US allies even consider China their top trading partner, including Australia and South Korea.
The AP findings demonstrate China’s rapid ascent as a trade partner. As a result of its international relationships, the world’s most populous country is becoming more politically influential – and its rise won’t be ending anytime soon. China’s world output is forecasted to grow up to 8 percent…
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