By Tony Sitathan

With China fast chasing the United States and the European Union as an economic superpower, its seaborne trade has reached 700 million tones, making it fifth in terms of world maritime trade. In addition, according to the latest estimate from the Foreign Trade Division of the US Census Bureau in Washington, China is ranked second world-wide in terms of total imports of goods, contributing 12.1% to global import estimates, while it ranks fifth in terms of exports, contributing 4.4% to worldwide exports ......
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