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Economy

China is world's biggest exporter in 2009

By Zhao Chunzhe (chinadaily.com.cn)
Updated: 2010-01-08 14:55
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China has surpassed Germany to be the biggest exporting country of the year 2009, according to the website of China's Ministry of Commerce.

Exports from China totaled 957 billion yuan ($140 billion) from January to October last year, while Germany lagged behind with 917 billion yuan ($134 billion).

The trading of the final two months of the year wasn't believed to make a difference, according to a Geneva-based global trade service company, cited by the Wall Street Journal.

Germany's export was reportedly affected by the global financial crisis and recovered slowly. The Federation of German Industries (BDI) predicted that its export would increase by 4 percent this year and needs another four years to fully recover.