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China and India: relationship

China and India: relationship. By Yoshina Hurgobin. Qualitative Change in Relationship. India (9 th ) among top 10 Asian trading partners of China 2004 - Chinese exports to India : $ 5.926 billion (increase of 77.3%) 2004 – Chinese imports from India: $ 7.67 billion (increase of 80.6%)

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China and India: relationship

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  1. China and India: relationship By Yoshina Hurgobin

  2. Qualitative Change in Relationship • India (9th) among top 10 Asian trading partners of China • 2004 - Chinese exports to India : $ 5.926 billion (increase of 77.3%) • 2004 – Chinese imports from India: $ 7.67 billion (increase of 80.6%) • India-China annual trade: $13.6 billion (2003)

  3. G7 Meeting Feb 4 & 5, 2005 • Opening session: summit on investment prospects of India and China • G7 under pressure to recognize economic growth of China and India • G7 may be group of richest countries but not necessarily most dynamic ones

  4. Rivals …(I) • Foreign Direct Investment • China ($40 billion) • India ($ 3 billion) • Democracy (India) vs Communism (China) • China quoted as • “larger, richer and armed with a nuclear arsenal many times the size of India's”

  5. Rivals (II) • Both countries bidding to invest in oil fields (Angola, Burma, Russia) • Thirsty countries • China imports more than 40% of its oil • India imports more than 70% of its oil

  6. Tense Relations • 1962 war between the two countries • Disputed area • Chinese Northeastern part: Aksai Chin • Indian South West: Ladakh • Both are Nuclear Powers • China selling arms to Pakistan

  7. Relations warming up…. • Chinese Foreign Minister Li Zhaoxing • "willing to unswervingly push forward" its ties with India • Energy Cooperation • Discussion to ‘ensure a stable equitably priced energy supply for Asia’ • Teaming up to cut better price deal from OPEC

  8. Relations warming up…. (II) • Strategic talks held in January 2005 • Boundaries issues • 2003 – India recognized Tibet as part of PRC • PRC started border trade North East Indian state of Sikkim

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