A $1 trillion oil-fired trade windfall couldn't be better timed to help Chinese companies climb the value chain and rebalance the economy of the world's biggest exporter. Fast growing countries producing oil and other commodities, are taking advantage of the windfall from the recent surge in prices and buying roughly half of the $2 trillion worth of goods sold by China overseas. But, more importantly for the economy, they are buying the value-added products that Beijing wants its export-oriented factories to focus on - construction equipment, heavy infrastructure goods and telecom network equipment, for instance. ... (full story)