China
India-China bilateral trade crosses $ 100 billion in Jan-Sept period: Report
India-China bilateral trade has crossed $ 100 billion for the second year in the first nine months of 2022 while India's trade deficit widened to more than $ 75 billion, media reports said citing data released by China's General Administration of Customs (GAC).
The total bilateral trade rose to $ 103.63 billion, a 14.6 percent increase against last year during the same period.
The data released by China's General Administration of Customs (GAC) showed exports to India grew to $ 89.66 billion, up 31 percent, while India's exports in the past nine months stood at $ 13.97 billion, sliding 36.4 percent, a report in the media said.
Last year, India-China bilateral trade jumped to a record high level of over $ 125 billion crossing the $ 100 billion in a year.
China's exports to India have been rising steadily despite the strain in relations due to a military standoff following Chinese aggression in eastern Ladakh.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
