China vaulted past Germany to become the world’s biggest exporter last month as its export, import volume jumped by 18 and 56 percent. The increases are a positive sign for global trade, especially for countries that sell to China.
Foreign countries slammed China for its harsh sentencing of a top dissident on Christmas Day and its execution of a mentally ill Briton convicted of drug smuggling, but the juggernaut appears impervious to criticism.
Reports of protest, violence emerged from North Korea after a drastic currency reform that sets an exchange rate of 1,000 old to 1 new . A North Korean paper in Japan confirmed the reform.
The disconnect between production and consumption threatens both China and America.
Obama, who called the Great Wall 'magical,' leaves with new awareness of US-China interdependence – as well as differing priorities.