An image has been circulating around Twitter showing an infographic of China’s exports dominance over the course of nearly 20 years. This image came from an article by Liz Faunce in the Financial Times.
One image, representing a map of the U.S’s and China’s spheres of influences, had the U.S. as the dominant exporter in 2000. With few exceptions, the U.S. dominated export markets in every region of the globe.
2000 vs 2019
US and China sphere of influence. This is what the trade war is all about pic.twitter.com/1wIRTnDjZC
— Zeeshan Mhaskar (@MhaskarChief) November 25, 2019
But when China entered the World Trade Organization (WTO) in 2001, the entire game changed.
China is now the principal exporter on the world stage, with it dominating every continent with the exception of North America. Interestingly, South America, with exceptions of Ecuador and Colombia, are dominated by […]
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