China outperforms the US as the world’s leading trading nation

Container traffic in Shanghai has boomed (photo:dpa)
Container traffic in Shanghai has boomed (photo:dpa)

The economic dominance of China in global markets has been one of the main driving forces behind Asia’s growing importance on the world stage. The second in a series on what has been dubbed ‘the Asian Century’, looks at how China has achieved its new found place, and the reaction of Japan to being outperformed by its big neighbour.

CHINA is widely expected to overtake the United States in the size of its gross domestic product (GDP) in the mid-2020s.

China has outperformed the most bullish expectations, in spite of the global financial crisis. It replaced Germany as the world’s largest exporter in 2009 and a year later dethroned Japan as the second...

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