A New Number One
A New Number One
From the always excellent Silk Road Economy blog: "China overtook the United States earlier this year as the world’s largest exporter to the Middle East. It’s the first time the United States has lost its number one ranking since at least the 1960s, or as far back as there is data available. I haven’t seen the figure reported in the media. But I don’t expect to wait long. This is the type of easy to understand statistic that will rattle doors in Washington. I can see the cable news stations going into hyper-drive."
From the always excellent Silk Road Economy blog: "China overtook the United States earlier this year as the world’s largest exporter to the Middle East. It’s the first time the United States has lost its number one ranking since at least the 1960s, or as far back as there is data available. I haven’t seen the figure reported in the media. But I don’t expect to wait long. This is the type of easy to understand statistic that will rattle doors in Washington. I can see the cable news stations going into hyper-drive."