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By Catholic Online (NEWS CONSORTIUM)

1/13/2014 (1 year ago)

Catholic Online (www.catholic.org)

China is set to take the center of the world stage from the USA.

Welcome to second place. China has become the largest trading nation, surpassing the United States for in 2013. China is hailing the achievement as "a landmark milestone" for the nation.

Chinese trade ports are massive affairs, stretching for miles. Many are newly constructed and specifically designed for high volume operations.

Chinese trade ports are massive affairs, stretching for miles. Many are newly constructed and specifically designed for high volume operations.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

1/13/2014 (1 year ago)

Published in Asia Pacific

Keywords: China, USA, trade, 2013, largest, superpower, rise


LOS ANGELES, CA (Catholic Online) - China has overtaken the U.S. as the world's largest trading nation, taking the title in 2013 as reports now show. China has been the world's largest exporter since 2009, and is now the world's largest trader overall.

China is also the world's second-largest economy, powered by 1.4 billion people who both produce and consume goods.

Francis Xavier, patron Saint of China, pray for us!

A spokesman for China's Customs Administration, Zheng Yuesheng, said, "It is very likely that China overtook the US to become the world's largest trading country in goods in 2013 for the first time. This is a landmark milestone for our nation's foreign trade development."

China's trade surpassed $4 trillion last year, with exports rising 7.9 percent and imports rising 7.3 percent. The nation's trade surplus, or what the country is profiting by is almost $260 billion for 2013.

China has long set its sights on becoming the world's dominant economic powerhouse, as well as a dominant figure in Asian politics. To accomplish this, the nation has cracked down on inaccurate and inflated trade numbers, which it no longer needs to inflate to make itself appear powerful. China has accomplished its initial mission.

With massive profits flowing, China has moved into a new phase of hegemony which includes a number of things. Mao is being replaced by Edmund Burke as revolution becomes passé and conservatism entrenches the establishment, which is the Communist Party.

China is now developing a Moon landing program where they aim to become the second country to land a person on the Moon. They are also building up their military, modernizing equipment and constructing new assets to project power further into the Pacific and South China Sea. In the economic arena, the nation has already revealed a goal to become the world's reserve currency.

China is already one of the world's largest investors in Africa, a continent which remains very rich in natural resources.

As for the United States, our nation continues to lag in a number of key areas including education, poor infrastructure, rising taxes, and political corruption. Moral decay is also a factor in the nation's decline.

What happens next depends on sound economic policy in the U.S. which will only come from stronger, competent leadership. Given the nature of the U.S. political system however, this is difficult to obtain.

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