![\"China](\"http:\/\/www.gizmag.com\/pictures\/hero\/china-becomes-the-worlds-largest-exporter.jpg\")
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World trade suffered the biggest decline in more than 70 years in 2009, but is set to rebound with 9.5% growth in 2010, according to the WTO<\/a>. The global economic crisis sparked a 12.2% contraction in the volume of global trade, though measured in US dollars, global exports fell by a whopping 23% from the 2008 peak, due mainly to falling oil prices and a sharp contraction in global demand for all types of goods, especially consumer durables (e.g. automobiles) and investment goods (e.g. industrial machinery). Though China’s exports fell by 16% in value in 2009, China finally became the world’s largest exporter in 2009, a mantle it can be expected to hold for the forseeable future…<\/p>\n Tags:<\/b> China<\/a>, Related Articles:<\/b><\/p>\n World trade suffered the biggest decline in more than 70 years in 2009, but is set to rebound with 9.5% growth in 2010, according to the<\/p>\n","protected":false},"author":639,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-515155","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/515155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/639"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=515155"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/515155\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=515155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=515155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=515155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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