China It Is!

The projections are spot-on.

Latest data shows China has indeed overtaken Germany as the world's biggest exporter.

China has overtaken Germany as the world's biggest exporter after December exports rose 17.7 percent despite weak global demand. Chinese state media said Sunday the country's total 2009 exports were $1.2 trillion.

That was just above the 816 billion euros ($1.17 trillion) in exports forecast last month by Germany's national foreign trade association for 2009. Germany's national chamber of commerce said earlier it was likely to lose its position as top exporter.It has now.

Chinese exports rose in December for the first time in 13 months, the official Xinhua News Agency and state television reported, citing customs data.

The next thing. Can China sustain itself to quickly and steadily lift up the global economy?