How Have China's Contributions to World Trade Changed over Time?

When China's economic reforms began in 1978, it was contributing about 1 percent of the world's trade. In the next three decades, the Chinese economy grew at almost a consistent 10 percent annually — three times the global average. In 2009, China contributed to 8 percent of world trade.

More about the Chinese economy:

  • If the Chinese and United States economies continue to perform as expected, by 2027, the size of the Chinese economy will have surpassed that of the U.S. economy.

  • The U.S. owes China approximately $9 billion U.S. Dollars. Fears that China will suddenly call in the debt are considered unfounded, though, because it would end up undercutting China's own economy, which is becoming increasingly dependent on the U.S. economy.

  • China is the world's largest exporter of communications technology. Its biggest exports to the U.S. are electronics, power generators, clothing, toys and games.

Follow wiseGEEK:

More Info:

Discuss this Article

Post 1

Examine the rise of China as a global power in today's world.

Post your comments

Post Anonymously


forgot password?



Free Widgets for your Site/Blog

The number of caribou (reindeer) in the Arctic has declined by 56% since the 1990s; some herds have shrunk by 90%.  more...
December 16 ,  1944 :  The Battle of the Bulge began.  more...