Another indication of the decline of America’s economic and geopolitical influence
China overtook the United States in 2013 to become the world’s biggest trading nation, ending many decades of American trade dominance, according to data released by the two countries.
China’s total exports and imports of goods for 2013 hit $4.16 trillion. The U.S. hasn’t yet released its final figures for the year, but its trade of goods for the first 11 months totaled $3.5 trillion, which puts it considerably behind Beijing. Continue reading