Describe India's trade relations with China.
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Answer:
Bilateral trade between China and India touched US$89.6 billion in 2017–18, with the trade deficit widening to US$62.9 billion in China's favour. In 2017, the volume of bilateral trade between India & China stands at US$84.5 billion.
Answer:
China–India relations (Chinese: 中国－印度关系; Hindi: भारत-चीन सम्बन्ध), also called Sino-Indian relations or Indian–Chinese relations, refers to the bilateral relationship between China and India. The tone of the relationship has varied over time; the two nations have sought economic cooperation with each other, while frequent border disputes and economic nationalism in both countries are a major point of contention. The modern relationship began in 1950 when India was among the first countries to end formal ties with the Republic of China (Taiwan) and recognize the People's Republic of China as the legitimate government of Mainland China. China and India are two of the major regional powers in Asia, and are the two most populous countries and among the fastest growing major economies in the world. Growth in diplomatic and economic influence has increased the significance of their bilateral relationship.
Cultural and economic relations between China and India date back to ancient times. The Silk Road not only served as a major trade route between India and China, but is also credited for facilitating the spread of Buddhism from India to East Asia.[1] During the 19th century, China was involved in a growing opium trade with the East India Company, which exported opium grown in India.[2][3] During World War II, both British India and Republic of China played a crucial role in halting the progress of Imperial Japan.[4]
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