China, the world’s new leading exporter
Press TV – January 8, 2010
As the prospects of China over-shadowing the struggling US economy grow stronger, Beijing robs Berlin of its title as the world’s leading exporter.
Chinese exports from January to October were valued at 1.07 trillion dollars, enjoying a wafer-thin lead over Germany whose exports during the same period amounted to 1.05 trillion dollars, AFP reported.
The Chinese economy has grown 15 times since the late 70s, when the country opened its doors to foreign investment. In 2007, China overtook Germany as the world’s third largest economy. It now threatens to topple Japan — second in the global economy after the United States.
Analysts have given credit to Beijing over its economic management during the global recession when the German economy shrank by five percent. The country found itself in its worst economic predicament since the World War II.
Submitting her four-year plan to the Bundestag in November, German Chancellor Angela Merkel warned German legislators about worsening economic conditions before the country can rebound from the effects of the global recession. The chancellor’s recovery measures, among them a policy to deny the blue and white collar workers parts of their benefits, attracted notable opposition from the rival factions.
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From the Archives
How GMO seeds and “RoundUp” are driving US policy in Venezuela
By Whitney Webb | MintPress News | May 6, 2019
CARACAS, VENEZUELA — As the political crisis in Venezuela has unfolded, much has been said about the Trump administration’s clear interest in the privatization and exploitation of Venezuela’s oil reserves, the largest in the world, by American oil giants like Chevron and ExxonMobil.
Yet the influence of another notorious American company, Monsanto — now a subsidiary of Bayer — has gone largely unmentioned.
While numerous other Latin American nations have become a “free for all” for the biotech company and its affiliates, Venezuela has been one of the few countries to fight Monsanto and other international agrochemical giants and win. However, since that victory — which was won under Chavista rule — the U.S.-backed Venezuelan opposition has been working to undo it. … continue
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