There has been a big increase in China’s exports to India amid the second wave of the COVID-19 epidemic. This was especially contributed by the export of oxygen concentrators, ventilators, medical supplies and medicines.
India-China business growing amid disputes
China and India’s bilateral trade stood at $57.48 billion in the first half of the year. This is an increase of 62.7 percent on a yearly basis. This is the highest in recent years between the ongoing standoff in Ladakh and the COVID-19 epidemic. This information was received from the data of the Customs Department of China. However, India’s exports to China grew by 69.6 per cent year-on-year. But even after this, the trade deficit jumped to 55.6 percent.
According to customs department data, India’s exports to China grew by 69.6 percent to $14.724 billion in the first six months of the year. At the same time, India’s imports from China increased by 60.4 percent to $ 42.755 billion.
28.03 billion trade deficit
According to official sources, the trade deficit between the two countries stood at $28.03 billion during the period under review, an increase of 55.6 percent year-on-year. This figure of trade between the two countries is noteworthy with the standoff in eastern Ladakh since May last year. China’s total trade in the first six months of this year increased by 27.1 percent to 18,070 billion yuan (about $ 2,790 billion). In this, exports grew by 28.1 percent while imports jumped by 25.9 percent.
Exports increased amid the second wave of COVID
The second wave of the COVID-19 pandemic has resulted in a large increase in China’s exports to India. This was especially contributed by the export of oxygen concentrators, ventilators, medical supplies and medicines. Whereas India especially exported iron ore, steel, aluminum and copper to China. In this way, to teach a lesson to China, India banned many things, in which the biggest blow came from banning Chinese apps. But despite this, there are many such things for which we are still dependent on China.
On the other hand, tension continues between India and China on the border in eastern Ladakh. However, China says that the border situation between the two countries is stable and both sides are finding a way to negotiate to resolve this dispute. Beijing says that the words of the Indian government should be beneficial to improve the situation on the border. But these statements of China also seem contradictory because China is increasing the deployment of soldiers and weapons on the border.
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