China Passes U.S. to Become World's Biggest Trading Nation

Sunday, 10 February 2013 - 19:46



China surpassed the U.S. to become the world’s biggest trading nation last year as measured by the sum of exports and imports, a milestone in the Asian nation’s challenge to the U.S. dominance in global commerce that emerged after the end of World War 2 in 1945.

U.S. exports and imports last year totaled 3.82 trillion dollars.

China’s customs administration reported last month that the country’s total trade in 2012 amounted to 3.87 trillion dollars.

China had a 231.1 billion dollar annual trade surplus while the U.S. had a trade deficit of 727.9 billion dollars.

Central Bank approved more than Rs. 60 billion working capital loans to COVID-19 affected businesses
Friday, 10 July 2020 - 23:10

The Central Bank of Sri Lanka (CBSL) approved 22,306 loans amounting to Rs. 60,250 million under the Saubagya COVID-19 renaissance facility as of 10th... Read More

Foreign reserves increase to US $ 6.7 billion
Friday, 10 July 2020 - 9:06

The Central Bank states that the country's foreign reserves have recovered in June.Foreign reserves rose to $ 6.7 billion in June from $ 6.49 billion in... Read More

Central Bank clarifies about concessions
Friday, 10 July 2020 - 7:25

The Central Bank of Sri Lanka states that the interest rate reduction has not been given to the borrowers by commercial banks.This was stated by the... Read More