China is THE globalizing/shrink-the-Gap force today
Cool series of global trade charts from Bloomberg Businessweek. One in particular shows the growth in Chinese exports to regions over the past decade. Seventy-two percent increase to Europe, 410% to North America, 593% to rest of Asia (to include Persian Gulf), 1800% to Africa and 2133% to LATAM.
Corporate exposure to China, in terms of how much of their revenue comes from China: Siemens and Boeing only around 7-8%, but Intel at 17%, Yum Brands (like KFC) at 34%, and major mineral companies like Valle and Billiton in the range of 20%.
Top US export by far to China is soybeans at almost $10B. Would seem to account for the vast fields I see all over central Indiana. Semiconductors second place at $5B.
Most fascinating to me, the huge upticks in Chinese exports to Gap countries over the past decade, clearly marking China as THE globalizing force on the planet today.
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