China is the #1 car market

Business Week reported that not only has China's exports jumped 17.7% this past December, for the year China exported 41.2 trillion worth of goods which beats out Germany as the largest exported! Critics say that China's success is due to the yuan' artificially low exchange rate which is amplified further by the US dollar's decline.

Adding salt to the wounds, China also announced that it became the largest car market in the world as 2009 sales rose 46% to 13.6 million vehicles including trucks. Analysts say that China will remain #1 in 2010 since the US only had 10.9 million vehicle sales.