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India-China trade hits a record $84.4 billion
Context:
- The India-China bilateral trade has reached $84.44 billion last year.
Rise in bilateral trade:
- The bilateral trade in 2017 rose by 18.63% year-on-year to reach $84.44 billion.
- The volume of bilateral trade for the first time touched $80 billion above the $71.18 billion registered last year.
Prevailing issues:
- Trade touched a historic high despite bilateral tensions over a number of issues.
- Including the China-Pakistan Economic Corridor.
- China blocking India’s efforts to bring about a UN ban on J-e-M leader Masood Azhar.
- Beijing blocking India’s entry into the Nuclear Suppliers Group as well as the Doklam standoff.
- Trade had stagnated around $70 billion, despite the leaders of both nations setting a $100 billion target for 2015.
