CHINA-INDIA: GLOBAL TIMES POINTS TO INCREASE IN BILATERAL TRADE AND TAUNTS INDIA FOR ITS DEPENDENCE ON CHINA

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.)





Subscribe to Newswire | Site Map | Email Us
Centre for China Analysis and Strategy, A-50, Second Floor, Vasant Vihar, New Delhi-110057
Tel: 011 41017353
Email: office@ccasindia.org