Press Esc to close
Tuesday 30 September 2014
News updated at 11:07 AM IST
Weather
Max: 31°C
Min : 21°C
In Bangalore
Sunny day
Breaking News

India, China trade imbalance to grow: Chinese experts

Beijing, May 21, 2013, (IANS):

The trade imbalance between India and China may keep growing, experts here said with one of them noting that "India needs more Chinese manufactured products".

As Premier Li Keqiang visits India, his first overseas trip, China Daily spoke to experts who said the trade imbalance is likely to keep growing and the situation is hard to change.

"India's trade deficit with China is expanding. In the short term, that's hard to resolve. The imbalance is mainly because India has limited exports to China, while Chinese manufactured goods have a competitive advantage in the Indian market," Liu Xiaoxue, a researcher on South Asian studies at the Chinese Academy of Social Sciences, was quoted as saying.


Liu added that the slower growth pace in China in recent years, coupled with overcapacity in the steel and iron sectors and the government's tightening policies in the real estate sector, reduced demand for Indian raw materials, which account for the bulk of Indian exports to China.

Hu Shisheng, director of the Institute of South and Southeast Asian and Oceanian Studies at the China Institutes of Contemporary International Relations, agreed, saying: "The trade imbalance is rooted in India's trade structure."

"India's trade deficit with China will not be reversed in the foreseeable future. Any change depends on whether India can export products that meet the demand of the Chinese market," Hu said.

He pointed out that the trade deficit is likely to increase "because India needs more Chinese manufactured products, and China diversified its sources for imports of raw material".

Go to Top

Photo Gallery
A community Durga Puja pandal in Kolkata...

A community Durga Puja pandal in Kolkata...

Cricket legend and owner of Kerala Blasters football team Sachin Tendulkar during the...

Cricket legend and owner of Kerala Blasters football team Sachin Tendulkar during the...

Police Commissioner Shivanand Jha sweeps the office premises as he participates in the...

Police Commissioner Shivanand Jha sweeps the office premises as he participates in the...

Visitors at an exhibition inside a Tram in Kolkata...

Visitors at an exhibition inside a Tram in Kolkata...

Microsoft CEO Satya Nadella interacts with the employees during a visit to the company's ...

Microsoft CEO Satya Nadella interacts with the employees during a visit to the company's ...

Female Passengers board a train after train services were partially resumed following...

Female Passengers board a train after train services were partially resumed following...

Fire tenders douse a major fire that broke out in a car service station at Sector 14...

Fire tenders douse a major fire that broke out in a car service station at Sector 14...

A road roller crushes a large number liquor bottles seized by the police from the...

A road roller crushes a large number liquor bottles seized by the police from the...

Audience members react as they attend an event with India's Prime Minister Narendra Modi ...

Audience members react as they attend an event with India's Prime Minister Narendra Modi ...

A painter reacts as he creates a portrait of India's Prime Minister Narendra Modi before...

A painter reacts as he creates a portrait of India's Prime Minister Narendra Modi before...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523