China Takes Over World Trade - Despite the Spats

3 November 2009. World trade collapsed in 2009 - but China dropped less than Germany, Japan and the US, thanks to aggressive price cutting, and it has now become the world's largest exporter. With its focus on the 'Walmart Gang' and with growing unemployment and stagnating wages in the US, that lead is only going to grow, despite an increasing number of trade spats.