INDIA-CHINA RELATIONS PRESENTED BY: AADITYA MISHRA
Collection: International Relations me: . Graduation from NIT, Bhopal- 2015 Wrote Mains Pdf of this lesson is available at ISSUU.COM (ink in the description below) Follow me: https://unacademy.in/user/ AadityaMishra . RATE, REVIEW & RECOMMEND Contribute if this helps you.
India China Trade Relations Strongest points in the relationship moved from 3 bn $ in 2000 to more than 70 bn $ in 2015-16 but remain short of 200 bn $ expectation The major imports from China include telecom instruments, computer hardware and peripherals, fertilizers, electronic component, project goods, chemicals and drug intermediaries Exports to China are ore, slag or ash, iron and steel, tin, raw hides, leather, plastics and cotton The different comparative advantages of the two countries provide grounds for strong economic exchange India's trade deficit with China has swelled to $52.68 billion in 2015-16, from $48.48 billion in the previous fiscal its largest with any country.
China to India: Top 10 categories Rank Nature Value in 2014-15 ($bn)2014-15 2007-08 2001-02 Electrical machinery and equipment, electronics Manufactured 15.46114 Nudear reactors blers.Maufactured machinery and mechanical appliances Manufactured Organic chemicals Manufactured Fertilizers Manufactured Iron and steel Manufactured Plastic and plastic goodsManufactured Mandsture972India to China: Top 10 categories 917 2 5.88 3 2.96 4 Nature Value in 2014-15 ($ bn) 2014-15 2.53 5 1.60 6 1.36 7 130 8 2.07 1 174 2 122 3 0.90 4 Primary Copper and artices made of copper imry/Manufactured Project goods, some specialuses l Manufactured! Mineral fues, is and waesManufactured Organic chemicalsManufactured Goods made of iron or steel Manufactured Natural pears, precious stonesPrimary 113 9Salt,sulphur,stone plastering materials, materals,Primary ime, cement Primary Ores, slag and ashPiry 0.56 5 0.49 6 0.46 7 0.35 8 0.25 9 predious metals, jewellery Manufactured Optical, photographsonManufactured 113 10 medical instruments Nuclear reactors, boilers, machinery and mechanical appliances Manufactured Plastic and plastic goodsManufactured Electrical machinery andManufactured equipment electronics Manufactured Animal or vegetable fats and oilsryI 0.25 10 Source: Business Standard Source: India
India's trade imbalance with China 60 In US$ billion 57.52 50 41.20 40 30 20 Imports from China 10 1.50 18.08 Exports to China 9.72 0.83 '01- '02- '03- '04-05- '06- 07- '08- '09- 10 11- 12-13 2000- 02 03 04 05 06 07 08 09 10 11 12 (Apr-Dec) 01 Source: Ministry of Commerce & Industry KBK Infographics 200 02 03 03 009 00 10 12 012-08
Reasons for Skewed Trade deficit Internal factors weak manufacturing sector, which in turn stems from restrictive labour, land and tax laws, poor infrastructure, and inadequate power supplies. Lack of entry of Chinese investments in Indian markets * Red Tapism in our export promotion schemes x External factors China does not provide access to areas like IT and related services, pharmaceutical products, agriculture bovine meat etc where India has edge. Lack of quality roads around ports, insufficient warehouses, high tariffs and visa restrictions have contributed to a lopsided and lacklustre trade relationship.I
India's response Short term measures anti dumping duty countervailing duties, better connectivity, reciprocal access to markets etc. Medium term measures ease of doing business, Sagarmala, diversification of trade basket (The Commerce Ministries of both the countries have signed a Five-year Development Programme for Economic and Trade Cooperation in September 2014 to lay down a medium term roadmap for promoting balanced and sustainable development of economic and trade relations. ) 'Invest in India' Business Forum meeting in Beijing in June 2016 which was attended by a large number of top Chinese bankers and wealth fund managers Other way to help eliminate the trade deficit is to get China's manufacturers to start making goods in India.
the Strategic and Commercial Dialogue (SED) themed "Development, Innovation, Cooperation and Mutual benefit' presently has five working groupsinfrastructure, energy, environment, new and renewable energy and high technology cooperation x ex- In August 2016, state-run China Railway Rolling Stock Corporation (CRCC)the mainland's largest high speed train maker began operations at its $63.4 million joint venture plant to repair and manufacture railway locomotive engines in Haryana. x Collaborate in RCEP for increasing intra regional trade links.
MoscOw SILK ROAD ECONOMIC BELT ROTTERDAM BREST DUISBURG ASTANA VENICE ALMA URUMQI ISTANBUL SAMARKAND TASHKENT LANZHOUANIN BEIJING ASHGABAT PIRAEUS IANJI TEHRAN XIANSHANGHA KUNMIN GWADAR FUZHOU MANDALAY KOLKATA HAI PHONG MARITIME SILK ROAD COLOMBO SINGAPORE MOMBASA OBOR-CHINA's CHARM OFFENSIVE
MAGNITUDE OF OBOFR Korean scholar Jae Ho Chung, when completed, the OBOR will include 60 countries, with two-thirds of the world's population, 55% of the global GDP and 75% of global energy reserves. It will consist of 900 infrastructure projects, valued at about $1.3 trillion. Much of the funding is expected to come from Chinese banks, financial institutions and special funds
Probable impact on India Economic trade diversion, economic manifestation of string of pearls and the economic threat' of low cost Chinese goods 'swamping the Indian hinterland Strategic Increased military presence in backyard as China would then move it's security forces to protect its establishments & Security considerations related to China's presence in the BCIM which traverses India's sensitive Northeast Geopolitical. Pok CPEC de-facto recognition to Pok; railway link in CPEC can mobilise forces;
Updates . Hit the upvote and recommend if this lesson helped you and please leave feedback in the comments below. . We will continue with India China relations in the next video. PDF @ ISSUU.COM (link in the description below) Thanks for watching, HAVE AN AWESOME DAY!!!!!!
Collection: International Relations me: . Graduation from NIT, Bhopal- 2015 Wrote Mains, 2016 Pdf of this lesson is available at ISSUU.COM (ink in the description below) Follow me: https://unacademy.in/user/ AadityaMishra . RATE, REVIEW & RECOMMEND Contribute if this helps you.
You should follow my courses to get knowledge and not marks. I am no sir/teacher, just your friend.