India-China trade grows to record USD 125 billion in 2021 despite tensions in eastern Ladakh-Business Journal


Key Topics in this News Article:

News Snapshot:

The landmark increase of the bilateral trade crossing USD 100 billion went without much fanfare as the relations remained frosty over the lingering military standoff in eastern Ladakh. The India-China bilateral trade touched a record high of over USD 125 billion in 2021, crossing the USD 100 billion-mark in a year when the relations hit a new low due to the prolonged standoff by the militaries in eastern Ladakh, while India’s trade deficit too mounted to over USD 69 billion, according to official data released on Friday. The total trade between China and India in 2021 stood at USD 125.66...