Referring to the increase China-India trade in 2021, the Global Times (January 14) said that its reaching "a
record high, surpassing $125 billion, amid bilateral tensions, is just another piece of proof that New Delhi is
unable to reduce its dependence on the Chinese market". It added that "Analysts attributed the surge in trade
to the complementary aspects of the industrial chains of the two countries. For example, about 50-60 percent
of chemicals and other materials used by the Indian pharmaceutical industry, which is a pillar industry, are
imported from China."
(Comment: According to statistics released by China's General Administration of Customs (GAC) on January
14, the total amount of trade between China and India in 2021 stood at $125.66 billion, up 43.3 percent from
2020. China's exports to India were $97.52 billion, up 46.2 percent, while China imported $28.14 billion
worth of goods from India, up 34.2 percent.)
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