China to Become No.1 Exporter Worldwide in 2008, Surpassing Germany and US
The Chinese had surpassed Japan in 2003, with Chinese makers supplying almost 20% of Japan's machinery imports.
- Germany will continue to be the No.1 exporter in the world for the fifth year in a row in 2007, but will yield to China in 2008. Germany's export strength lies in engineering and technological goods.
- China is already the largest exporter of electronic goods, with total exports of $300 billion, ahead of the US and South Korea. China's second-biggest category of exports is clothing and textiles.
- Direct foreign investment played a big role in the Chinese expansion, with nearly 60% of exports coming from companies with some non-Chinese ownership.
- In machine-building, China had already surpassed Britain and France and was now fifth-placed behind Germany, the United States, Japan and Italy.
China 'world's top exporter' by 2008 - Bangkok Post