Sixty per cent of trading firms in China plan to target emerging markets like India and Vietnam for business in the next five years, a survey has showed. This focus will help China’s trade to grow almost twice as fast as the global average through 2016, and the country could replace the US as the world’s biggest trading nation by that time. Facing shrinking demand in developed countries, 62 per cent of the respondents in the survey said they would bolster business with Brazil, Russia, India and South Africa.