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Amid Doklam standoff, Chinese imports to India up by 33% in April-June quarter

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http://www.hindustantimes.com/india...une-quarter/story-S6qsxKHGB51g9OTZFRbUsK.html

Chinese imports to India recorded a 33% jump in the April-June quarter over the same period last year, government data shows, indicating trade remains unscathed by the border standoff between the two countries.

The rise in imports is on the back of a stronger rupee that has appreciated about 5.5% against the US dollar and 3.7% against the Chinese yuan since February. Electronics and engineering goods and chemicals were the biggest imports.

“The political tension that we are witnessing now is unlikely to have any impact on the trade relations between the two countries…it is business as usual for both countries at present and the situation will not change,” DK Joshi, chief economist, Crisil, told Hindustan Times.

The Asian giants are locked in a row in the remote Doklam plateau, which borders Sikkim in India’s northeast and is claimed by both Beijing and Bhutan, since June 16.

Chinese blame India for the two-month long standoff, the longest between the neighbours. It accuses India of trespass and preventing its soldiers form building a road, which New Delhi says is a threat to its security.

China is also India’s largest business partner, with trade heavily tilted in its favour.

Federation of Indian Exports Organisation director general Ajay Sahai was upbeat on business ties. Trade would not be affected by the “current level of political tension”, he said.

But the widening trade deficit -- the difference between imports and exports—continues to be a worry. Trade deficit in 2016-17 stood at $51.1 billion compared to $19.26 billion in 2009-10. It means India’s is buying way more than what it sells to China.

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Just like with the "boycott China" campaign the Indians were running a while back, India's trade deficit towards China keeps increasing.
 
BJP's Vijayvargiya calls for boycott of Chinese products | india-news ...

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Goodbye Chinese goods: Swadeshi Jagran Manch says India needs ...


laughing5.png



50 billion trade deficit ALONE with China = Panama's GDP.

Lol at India's addiction of Chinese maal on one hand, and on the other hollow threats to boycott.

 
People do not understand one simple fact. Boycott can happen in case of Mobiles, petty toys and stuff. And that doesnt add much. Maybe it will save a billion and a half.

Most of the stuffs are PCB's imported from companies having factories in China and for its re-selling in various full made products. We are now importing more electronics means we are progressing in the field of testing and product development and reselling. In a few years when factories are established in India, this progress will help us develop.
However more tax should be implied on mobile phone accessories to force them to make in India. We in Canada are feeling the heat especially after July 1st GST where our suppliers are asking to manufacture in India to save from high import costs.
 
People do not understand one simple fact. Boycott can happen in case of Mobiles, petty toys and stuff. And that doesnt add much. Maybe it will save a billion and a half.

Most of the stuffs are PCB's imported from companies having factories in China and for its re-selling in various full made products. We are now importing more electronics means we are progressing in the field of testing and product development and reselling. In a few years when factories are established in India, this progress will help us develop.
However more tax should be implied on mobile phone accessories to force them to make in India. We in Canada are feeling the heat especially after July 1st GST where our suppliers are asking to manufacture in India to save from high import costs.


Lol

Can you substantiate your own claim?
 
http://www.hindustantimes.com/india...une-quarter/story-S6qsxKHGB51g9OTZFRbUsK.html

Chinese imports to India recorded a 33% jump in the April-June quarter over the same period last year, government data shows, indicating trade remains unscathed by the border standoff between the two countries.

The rise in imports is on the back of a stronger rupee that has appreciated about 5.5% against the US dollar and 3.7% against the Chinese yuan since February. Electronics and engineering goods and chemicals were the biggest imports.

“The political tension that we are witnessing now is unlikely to have any impact on the trade relations between the two countries…it is business as usual for both countries at present and the situation will not change,” DK Joshi, chief economist, Crisil, told Hindustan Times.

The Asian giants are locked in a row in the remote Doklam plateau, which borders Sikkim in India’s northeast and is claimed by both Beijing and Bhutan, since June 16.

Chinese blame India for the two-month long standoff, the longest between the neighbours. It accuses India of trespass and preventing its soldiers form building a road, which New Delhi says is a threat to its security.

China is also India’s largest business partner, with trade heavily tilted in its favour.

Federation of Indian Exports Organisation director general Ajay Sahai was upbeat on business ties. Trade would not be affected by the “current level of political tension”, he said.

But the widening trade deficit -- the difference between imports and exports—continues to be a worry. Trade deficit in 2016-17 stood at $51.1 billion compared to $19.26 billion in 2009-10. It means India’s is buying way more than what it sells to China.

----------------

Just like with the "boycott China" campaign the Indians were running a while back, India's trade deficit towards China keeps increasing.


So Indians are paying for China's war against India? :cheesy:
 
Can you substantiate that you are an Indian living in Canada?

It is not mandatory by PDF standards. I am not required to.
If everybody did that, I will follow the suite. And BTW, I have written that NOW I am living in Malaysia.

However, you have advanced a false data against which you have difficulty to corroborate your own.
You have written 2+2=5
Next time people wont believe your trash.
So credibility issue remains with you.

















How can this country fight China which is not up to the mark:

Here is famous FT.com from London:



temvbghty.png
 
It is not mandatory by PDF standards. I am not required to.
If everybody did that, I will follow the suite. And BTW, I have written that NOW I am living in Malaysia.

However, you have advanced a false data against which you have difficulty to corroborate your own.
You have written 2+2=5
Next time people wont believe your trash.
So credibility issue remains with you.

How can this country fight China which is not up to the mark:

Here is famous FT.com from London:



View attachment 418418

If you cant then STFU. I work in the industry and I know better than many idiots here. And I dont quote you generally. And I wont.
 

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