China - world's second biggest exporter

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China has beaten the U.S. as the world's second-biggest exporter, despite that the world's trade growth is expected to slow to a 6-year low of 4.5%, according to the World Trade Organization (WTO).

Apr. 18, 2008 (China Knowledge) - China has beaten the U.S. as the world's second-biggest exporter, despite that the world's trade growth is expected to slow to a 6-year low of 4.5%, according to the World Trade Organization (WTO).

The country's merchandise exports surged 26% to US$1.2 trillion last year, which made it pass the U.S. to be the world's second biggest exporter, just after Germany.

It is the first time that China's trade exceeded the combined trade of Japan and South Korea.

Last year, China made great progress in overseas prospecting and developing nonferrous metals and noble metals such as steel, copper, nickel, bauxite ore etc.