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WTO: China overtakes U.S. in exports By BRADLEY S. KLAPPER, Associated Press Writer
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Yahoo! By Emma Graham-Harrison Tue Apr 3, 5:42 AM ET BEIJING (Reuters) - China's rise as a global power is inevitable and could lead to conflict unless Beijing and Washington can cooperate to create a new global order, former U.S. Secretary of State Henry Kissinger said on Tuesday. Kissinger first came to Beijing in 1971, on a secret mission to re-establish Sino-U.S. ties after more than two decades of diplomatic silence. Since then, economic reforms have turned China into a powerhouse. Beijing is now running a trade surplus with the United States that Washington last year put at $230 billion, and helps keep its rival afloat by buying vast amounts of U.S. debt. Washington politicians have also sparred with Beijing over issues related to its rapid development from currency controls to military spending and foreign policy in countries like Sudan.


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