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China's total merchandise trade exceeded that of the United States for the first time

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China's total merchandise trade exceeded that of the United States for the first time. Official statistics from China and the United States show that China's total import and export merchandise trade surpassed that of the United States in 2012, becoming the world's largest trade...

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Official statistics from China and the United States show that China's total import and export merchandise trade surpassed that of the United States in 2012, becoming the world's largest trading nation. This is also the first time since World War II that the United States has ranked second in total merchandise trade.

A man takes photos in Pudong. Shanghai Pudong is a microcosm of China's economic development. (Photo from Bloomberg News)

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