China is a member of the WTO and is the world's largest trading power, with a total international trade value of US$3.87 trillion in 2012.[20] Its foreign exchange reserves reached US$2.85 trillion by the end of 2010, an increase of 18.7% over the previous year, making its reserves by far the world's largest. As of 2009, China owns an estimated $1.6 trillion of US securities.China, holding over US$1.16 trillion in US Treasury bonds,is the largest foreign holder of US public debt.In 2012, China was the world's largest recipient of inward foreign direct investment (FDI), attracting $253 billion.China also invests abroad, with a total outward FDI of $62.4 billion in 2012,and a number of major takeovers of foreign firms by Chinese companies.China's undervalued exchange rate has caused friction with other major economies, and it has also been widely criticized for manufacturing large quantities of counterfeit goods.
A graph comparing the 2012 nominal GDPs of major economies
in US$ billions, according to IMF data
China ranked 29th in the Global Competitiveness Index in 2009, although it is only ranked 136th among the 179 countries measured in the 2011 Index of Economic Freedom.In 2011, 61 Chinese companies were listed in the Fortune Global 500.Measured by total revenues, three of the world's top ten most valuable companies in 2011 were Chinese, including fifth-ranked Sinopec Group, sixth-ranked China National Petroleum and seventh-ranked State Grid (the world's largest electric utilities company).
China is a member of the WTO and is the world's largest trading power, with a total international trade value of US$3.87 trillion in 2012.[20] Its foreign exchange reserves reached US$2.85 trillion by the end of 2010, an increase of 18.7% over the previous year, making its reserves by far the world's largest. As of 2009, China owns an estimated $1.6 trillion of US securities.China, holding over US$1.16 trillion in US Treasury bonds,is the largest foreign holder of US public debt.In 2012, China was the world's largest recipient of inward foreign direct investment (FDI), attracting $253 billion.China also invests abroad, with a total outward FDI of $62.4 billion in 2012,and a number of major takeovers of foreign firms by Chinese companies.China's undervalued exchange rate has caused friction with other major economies, and it has also been widely criticized for manufacturing large quantities of counterfeit goods.
A graph comparing the 2012 nominal GDPs of major economies
in US$ billions, according to IMF data
China ranked 29th in the Global Competitiveness Index in 2009, although it is only ranked 136th among the 179 countries measured in the 2011 Index of Economic Freedom.In 2011, 61 Chinese companies were listed in the Fortune Global 500.Measured by total revenues, three of the world's top ten most valuable companies in 2011 were Chinese, including fifth-ranked Sinopec Group, sixth-ranked China National Petroleum and seventh-ranked State Grid (the world's largest electric utilities company).
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