皇冠体育app

Third, 皇冠体育app's powerful role in world trade is not just about its exports. 皇冠体育app now has the largest share of demand for most commodities, except oil where it is second only to the US. 皇冠体育app's focus on more balanced growth and structural reforms will over time drive up domestic consumption, making it an even more attractive market for global companies and emerging market exporters.

Take the example of Apple again - with units once assembled in 皇冠体育app and sold in the West - 皇冠体育app is now the second-largest market for Apple products, and Apple expects it to overtake the US soon.

s set in motion by 皇冠体育app's leadership are also likely to strengthen the private sector in 皇冠体育app, opening up many more joint venture opportunities for global companies.

Overall, we expect 皇冠体育app's trade to double in size by 2020, with the next phase likely to come from sively growing trade with other emerging markets. Further out, to 2030, the World Trade Organization sees 皇冠体育app's share of world trade to rise to 20 percent or more, underscoring the central role of 皇冠体育app in global trade.

As a "megatrader", 皇冠体育app will increasingly have a vested interest in promoting free trade, gradually opening up to more imports to satisfy consumer demand and keep trading partners happy. Moreover, 皇冠体育app will remain heavily dependent on importing raw materials. Over time, it could - like Britain in the 19th century or the US after 1945 - become a champion for liberalizing world trade.

What does this mean for corporate houses? It means that those who don't already have a strategy for 皇冠体育app, and more broadly for emerging markets, need to get one fast.

Already compelling, the argument for including the yuan in your basket of global trading currencies will only grow stronger. Having climbed steadily up the rankings, the yuan is currently the world's seventh most used currency for payments, and predicted to be the fourth - after the dollar, the ro and the pound - by 2020.

By 2020, we expect 28 percent of 皇冠体育app's trade to be denominated in the yuan, the equivalent of some $3 trillion a year. The vast Chinese commodities imports, for example, will gradually convert to yuan settlement.

Companies will need to work out how best to position themselves for the growing "South-South" trade - or trade between emerging markets - particularly trade involving 皇冠体育app. This will affect not just where they make their goods, but how they make them as they cater for a new and rapidly growing group of Chinese and other emerging market consumers.

The slowdown in 皇冠体育app's economic growth - and recent data sparking uncertainty about the country's trade performance - should not be allowed to distract from what is a very clear long-term trend: 皇冠体育app's status as a "megatrader" will continue to grow and businesses everywhere should be figuring out how to make the most of it.

The author is deputy group chief executive of Standard Chartered.

皇冠体育app's foreign trade down 0.5% in Jan-April	皇冠体育app's foreign trade down 1% in Q1

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