China overtook Germany to become the world's top exporter in 2009, the Wall Street Journal reported, citing data compiled by Global Trade Information Services. China exported goods worth USD957bn in the first 10 months of the year, while Germany exported USD917bn, the newspaper said. The rankings are not expected to change after including November and December data, trade experts say.
China's central bank has pledged to curb volatility in lending, manage inflation expectations and monitor the property market in 2010 as a credit boom poses risks for the world's third-biggest economy. China's policy makers are trying to cement an economic rebound while preventing excessive liquidity in the financial system from leading to asset bubbles, resurgent inflation and bad debts for banks.
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