China-India trade hits $79.77 billion from January to July 2022, China's exports to India grow 37%

[beijingwalker]

China-India trade hits $79.77 billion from January to July 2022, China's exports to India grow 37%
Published: Aug 07, 2022 01:21 PM Updated: Aug 07, 2022 01:19 PM

The trade between China and India reached $79.77 billion during the first seven months of 2022, up 18 percent year-on-year, according to data released by the General Administration of Customs of China on Sunday.

As of July, China's accumulative export volume to India has maintained a high growth rate of 37 percent, 2.5 percentage points higher than the rate in June, and the highest growth rate recorded since January 2022.

China's import from India in July stood at $1.57 billion.

India has been tried to build itself into a global manufacturing hub by conducting a series of protectionist trade policies and carrying out various crackdown measures to squeeze Chinese investments and companies.

However, China-India trade is on course to surpass $100 billion for the second consecutive year in 2022.

Analysts have suggested that China and India share broad prospect for cooperation and the essence of bilateral trade between the two most populous countries in the world is mutually beneficial and win-win.

China-India trade hits $79.77 billion from January to July 2022, rising 18%: customs data - Global Times

www.globaltimes.cn

 

[kopotov]

Trade is always Win-Win.

I hope GoI will finally reducing the internal restrictions that has hampered Entrepreneurship in India.

Modi govt. Major failure is in its inability to think outside the box and Free the Indian Entrepreneur so that he can compete with China.

He continuous to be blissfully unaware or inept in dealing with the oppressive laws and Bureaucracy that punish Entrepreneurs and not reward them. But I won't be holding my breath.

 

[beijingwalker]

This time exports ain't going to save your *** buddy
"China's economy contracted sharply in the second quarter of this year as widespread coronavirus lockdowns hit businesses and consumers"
Gross domestic product (GDP) fell by 2.6% in the three months to the end of June from the previous quarter

Coronavirus: China economy shrinks on zero-Covid policy

The world's second largest economy slowed after lockdowns across a number of cities.

www.bbc.com

The lockdown in Beijing and Shanghai were lifted, it's fully in China's control, you think a short self imposed lockdown can bankrupt China? Be realistic, China can impose them and China can lift them , it all depends on China herself.

 

[Ali_Baba]

China-India trade hits $79.77 billion from January to July 2022, China's exports to India grow 37%
Published: Aug 07, 2022 01:21 PM Updated: Aug 07, 2022 01:19 PM

The trade between China and India reached $79.77 billion during the first seven months of 2022, up 18 percent year-on-year, according to data released by the General Administration of Customs of China on Sunday.

As of July, China's accumulative export volume to India has maintained a high growth rate of 37 percent, 2.5 percentage points higher than the rate in June, and the highest growth rate recorded since January 2022.

China's import from India in July stood at $1.57 billion.

India has been tried to build itself into a global manufacturing hub by conducting a series of protectionist trade policies and carrying out various crackdown measures to squeeze Chinese investments and companies.

However, China-India trade is on course to surpass $100 billion for the second consecutive year in 2022.

Analysts have suggested that China and India share broad prospect for cooperation and the essence of bilateral trade between the two most populous countries in the world is mutually beneficial and win-win.

China-India trade hits $79.77 billion from January to July 2022, rising 18%: customs data - Global Times

www.globaltimes.cn

So much for boycotting products from China .... and the less that is said about Make-In-India.. the better

 

[beijingwalker]

So much for boycotting products from China .... and the less that is said about Make-In-India.. the better

 

[Rollno21]

So much for boycotting products from China .... and the less that is said about Make-In-India.. the better

It's not possible to cut things over night, but earlier you could see cheap Chinese products at every corner,now you don't,
Even fire crackers and lamps used to come from China, now you don't see them.we know we are nor yet there ,may be few years from now you might see.

Corona virus helped, to give you an idea ,my 5 year old when ever we are out and if she sees something like soft toys or something and wants it we just tell her it's made in China and immediately she goes quiet.

 

[MH.Yang]

The lockdown in Beijing and Shanghai were lifted, it's fully in China's control, you think a short self imposed lockdown can bankrupt China? Be realistic, China can impose them and China can lift them , it all depends on China herself.

Ignore these Indians. People with slightly normal IQ will not only consider the data of a special period, but at least refer to the IMF's annual forecast. These Indians are just driven crazy by high inflation, so they catch any lies to deceive and comfort themselves.

 

[beijingwalker]

It's not possible to cut things over night, but earlier you could see cheap Chinese products at every corner,now you don't,

Do you know what is moving up the value chain? It's not only for India, you don't see much of those made in China items in every country.

 

[MH.Yang]

China’s GDP stood at $17.7 trillion last year

LAHORE : Chinese Consul General in Lahore, Mr Zhao Shiren, has stated that China has already become the second biggest economy of the world as its last year’s GDP stood at $ 17. 7...

www.thenews.com.pk

Investors dump Chinese stocks, bonds amid global recession fears

Trade group report points to sixth consecutive month of foreign outflows from China’s $20 trillion bond market.

www.aljazeera.com

Can Indians learn to go to IMF and other organizations to query data instead of WION?

The purpose of the Indian website is to deceive and comfort the suffering Indians, not to show the facts.

https://www.imf.org/external/datamapper/profile/CHN

 

[beijingwalker]

Data shows India-China trade deficit widening, Indian exports falling for 1st time in years
Commerce ministry data shows that in April and May, India’s exports to China declined by 31% while imports grew by 12.75%. Overall trade grew by just 2% compared to previous year.
SHUBHAM BATRA
26 July, 2022 09:01 am IST

New Delhi: There’s some bad news about the trade imbalance between India and China: it looks set to get worse this year.

Not only is the trade deficit expected to enlarge yet again, India’s exports to China could also fall for the first time in years if data from the first two months of this financial year is any indication. Commerce ministry data shows that in April and May, India’s exports to China declined by 31 per cent, while imports grew by 12.75 per cent.

Going by the data on the ministry’s website, in the past seven years, there has never been a contraction in India’s exports to China — barring 2019-20, when the pandemic upended global trade.

“One of the major reasons for the decline in exports is the fall in global commodity prices due to concerns of a recession in the global economy,” a senior government official told ThePrint.

In 2021-22, the trade deficit between India and China rose to $72.9 billion, up from $44 billion in the previous year. Overall, India’s merchandise trade deficit in the same year was $192.24 billion, an increase of 87 per cent from the previous year.

A trade deficit occurs when a country’s imports of goods and services exceed its exports in a given time period. In the current year, until May, the deficit with China stands at $12.32 billion.

Overall, the trade between the two countries grew a mere 2 per cent in April and May, when compared to the previous year. Territory-wise data for June has not yet been uploaded by the Ministry of Commerce.

Speaking to ThePrint, Biswajit Dhar, professor, Centre for Economic Studies and Planning, Jawaharlal Nehru University, said the headwinds that China is facing currently with regard to its domestic lockdowns to prevent the spread of Covid is now reflecting in the trade numbers.

Dhar, however, added that he expects the trade deficit with China is only going to increase “because India’s exports are not expanding”.

Uh oh. Data shows India-China trade deficit widening, Indian exports falling for 1st time in yrs

Commerce ministry data shows that in April and May, India’s exports to China declined by 31% while imports grew by 12.75%. Overall trade grew by just 2% compared to previous year.

theprint.in

 

[beijingwalker]

The IMF downgraded China's growth to 3.3 per cent in 2022, the lowest level in more than 40 years, a half-percent lower than it was in the previous outlook in April

IMF downgrades and upgrades its projection every month, it's just a projection. here in this thread we are looking at are the real figures and true facts.

Biden Loses Bragging Rights Against China With US Economy Fading

Reports show that US's GDP shrank at a 0.9% annual rate last quarter, making it unlikely to surpass China’s expansion this year.

infinityweb.co.in

 

[MH.Yang]

The IMF downgraded China's growth to 3.3 per cent in 2022, the lowest level in more than 40 years, a half-percent lower than it was in the previous outlook in April

You should look at the IMF website link I sent, not the WION lie. The IMF forecast in July was still 4.4%.

https://www.imf.org/external/datamapper/profile/CHN

And the chief expert of the IMF is an Indian. The IMF has underestimated China's growth rate for 22 consecutive years and overestimated India's growth rate for 24 consecutive years.

 

[MH.Yang]

That shows how the government control over the Indian economy is getting reduced day by day which eventually leds to the adoption of free market policy. Naturally, there was an increase in trade with neighboring countries like China. But when China is going to open its market for Indian pharmaceutical products and IT services?​

BMW G 310 RR To Be Exported To China From India

BMW G 310 RR will be manufactured by TVS in its Hosur plant, and BMW Motorrad will soon start exporting it to China and other countries.

www.carandbike.com

Apple to start iPhone 14 production in India for the first time at launch: Kuo - Gizmochina

The launch of the Apple iPhone 14 is just around the corner. But prior to any official announcement, an analyst has revealed that the company will start production of the newest iPhone lineup for the first time ever at launch. For those unaware, the Cupertino based giant has began production of...

www.gizmochina.com

Apple's vendors create 30,000 new jobs under PLI scheme in India

Achieve 25% of the target of generating 120,000 new jobs under PLI scheme in just over a year

www.business-standard.com

Indian pharmaceutical companies have been allowed to enter China.


As for India's IT industry, China does not need English customer service. You should learn Chinese first.

Top Indian drugmakers expand in China as policy changes trigger opportunity

China and India are both major API suppliers and generic-heavy countries. Because of the similarity, Indian drugmakers have long had a hard time finding an inroad into the Chinese market. | Indian drugmakers have had a hard time tapping into the Chinese market. But U.S. pricing pressure and...

www.fiercepharma.com

https://www.thehindu.com/business/indian-pharma-industry-must-capitalise-on-mncs-china-plus-one-strategy-says-oppi-dg/article65485235.ece/amp/

BTW:
Do you know that Indian medicines are highly dependent on imported API materials(chemicals that are responsible for the therapeutic effect of drugs) from China?

India wants to be the 'pharmacy of the world.' But first, it must wean itself from China

Already the world's third-largest manufacturer of medicines by volume, India has one of the lowest manufacturing costs globally.

www.google.com

 

[K_Bin_W]

View attachment 868672

Basically, that's the ground reality, and no one can do anything about it...

 

[FairAndUnbiased]

This time exports ain't going to save your *** buddy
"China's economy contracted sharply in the second quarter of this year as widespread coronavirus lockdowns hit businesses and consumers"
Gross domestic product (GDP) fell by 2.6% in the three months to the end of June from the previous quarter

Coronavirus: China economy shrinks on zero-Covid policy

The world's second largest economy slowed after lockdowns across a number of cities.

www.bbc.com

Jai Hind