China passes US as top trade partner for much of world, changing lives globally

Washington Post: Shin Cheol-soo no longer sees his future in the United States. The South Korean businessman supplied components to American automakers for a decade. But this year, he uprooted his family from Detroit and moved home to focus on selling to the new economic superpower: China. In just five years, China has surpassed the United States as a trading partner for much of the world, including U.S. allies such as South Korea and Australia, according to an Associated Press analysis of trade data. As recently...

URL: http://www.washingtonpost.com/business/ap-impact-china-passes-us-as-top-trade-partner-for-much-of-world-changing-lives-globally/2012/12/02/50b03cda-3c86-11e2-8a5c-473797be602c_story_1.html