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India-China trade surge muffles beating war drums

JAIPUR – At a time when India-China relations are at new lows, bilateral trade touched new highs in 2021.

According to China’s General Administration of Customs (GAC) data, bilateral trade between the two neighbors totaled more than US$114 billion, up 46.4% year-on-year from January to November 2021.

Trade between the two Asian giants has steadily grown over the last two decades, up from a modest $1.83 billion in 2001.