Economy

Economy - China and India trade relationships soar despite a frosty relationship

China and India trade relationships soar despite a frosty relationship

China and India have been at loggerheads for a while. But despite the animosity, China has great trade deals with India during the last few months.  China surpasses the US as India trading partner  The Chinese have maintained its position as the best trading partner with India even with the sour relationship between both nations. Both nations were involved in a border conundrum in 2021  which saw India suspend about 230 Chinese applications.  But this hasn't had any effect on business relationships as Chinese firms displaced the US to become India's largest trading partner. Positive trading situations between both Asian countries stood at $78 billion last year. Although this was smaller than 2019, it is still enough to topple the US.  According to Indians, commercial ministry trade...