What is China’s standing in global trade as measured by exports?

China's standing in global trade as measured by exports is accurately represented by the claim that it is the world leader in exports. This is substantiated by China's significant economic growth over the past few decades, which has positioned the country as the leading exporter globally. The immense scale of its manufacturing sector and the development of infrastructure have allowed China to become a dominant player in global supply chains, exporting a vast array of goods ranging from electronics to textiles.

The economic strategies implemented by China, such as joining the World Trade Organization (WTO) in 2001 and fostering trade relationships with many countries, have further solidified its status in international trade. As a result, China surpasses all other countries in terms of total export value, which is reflective of its extensive integration into the global economy.

In contrast, the other options do not accurately depict China's role in global trade. While China does import a significant amount of goods and services, it is recognized primarily as the leading exporter rather than the largest importer. The statements about being only above Japan in trade volume do not capture the full scope of China's trade relations, given its extensive trade activities with many countries worldwide. Therefore, acknowledging China as the world leader in exports accurately reflects its position in the global trade landscape.