China all set to grow as 'megatrader'

If your company is not already trading with China in some way, chances are it soon will. Research by Standard Chartered predicts that China will continue to grow as the "megatrader" of this century, countering predictions that its role in world trade has peaked.

Our (Standard Chartered's) recent report, "Global trade unbundled", sees China as the focal point for rapidly growing trade, not only within developed markets, but increasingly between emerging markets as goods and services are not just made in these economies, but consumed there.

Global companies will need to position themselves for this continuing shift in world trade by adjusting the ways they make and sell their goods. All companies should take note that, as China's trade grows in importance, so will the yuan as a global invoicing currency.