Trade Patterns Of China And India

China’s expansion in trade is accompanied by the increase of FDI and growing trade by foreign invested enterprises. (Fung, 2002) Contribution of FDI has increased dramatically since the early 1980s, especially in the 1990s. During 1980 and 1985, trade by FDI constituted less than 0.6% of total export and 2.1% of total import. The shares went up to 7.3% and 12.8% respectively in the second half of 1980s. In

A brief Economic Trade history by the two nations forms the basis of understanding the major milestones. The first decade that is between 1970 to 1980 was a period that instigated institution building that saw the lift of certain barns and barriers of trade. These allowed the flow of technology, goods and people between the two nations. This was the period when the congress passed the trade agreement that conferred the contigent Most Favoured Nation (MFN) status on the Chinese Nation that is on 24th January 1980 (DoS). The figures rose from US Dolars 991.7 Million (1971) to US Dollars 2.3 Billion in 1979 (USSB).

According to the data, the total volume of textiles exported from China has started a continuous rapid growth since 2001 (the year of China’s accession to the WTO) as shown in the first graph above, which roughly

India and China, the two dragons constantly fighting with each other, both historically and economically. Although China appears to indulge in the media’s thoughts, perhaps India has been slowly but surely closing the gap or even taking the edge.

In the 21st century, the competition between diverse countries is increasing extremely intense. With the rise of the third world, as the biggest part of it, China’s influence in economy has become a controversial issue due to the prosperity of economy. To be more specific, China became the second-largest economy in 2011(McCurry,J and Kollewe J,2011).And in recent years, according the data in the bar chart below, China GDP’s is growing rapidly and the growth rate is staying between 7% and 8% before 2015. At the same time, because of the development of economic globalization, the relationship between different countries is getting closer and closer, especially in the world trade. Therefore, although China has already slowed down the step to

South Asia has attracted global attention because it has experienced rapid growth in GDP. However if we see the exact face of south Asia there are two faces. One is some countries from South Asia dynamic, growing rapidly, highly urbanized, and is benefiting from global integration. Some

In 2013, referencing the previous year, the U.S. Commerce Department released import and export figures totaling 3.82 trillion USD, while China’s customs administration released figures amounting to 3.87 trillion, making China the world’s largest trading economy (Bloomberg News 2013). This news signifies that China’s trading policy and partners must be a major target of scrutiny with newfound importance. In this paper, I will discuss the history of Chinese trade policy, what constitutes Chinese trade policy, namely China’s use of free trade agreements (FTAs) and treaties, who China’s major trading partners are and relations with each one, and how

Nowadays, the outlook of the global economy is clearly not optimistic, and there are so many severe issues have been plaguing the world economy in recent years. Such as potential asset bubbles, higher financial market volatility, weaker global demand, and deteriorating monetary and credit crisis, and falling of oil prices, and so on a series of troubles around the world. (World Economic Situation and Prospects 2016 2016)Once when we discuss and analyse those economic problems, it is inevitable to associate with China’s slowdown. Indeed, since China entered WTO, China takes advantages of large population to develop the labour intensive industries like manufacturing to expand the relationship with the world by frequently international trade, as greater interaction and stronger cooperation between China and the world, Chinese economy is merged to the world economy and become an integral part of the global economy. Therefore, the Chinese slowdown is bound to affect the growth of world economy. So the question arises, why China slows down its economy? If exploring further to figure out why, one factor which cannot be ignored is the declining export. (China’s Export Decline Accelerates 2016) Thus, the study I concentrate on is to investigate the reasons of declining export in Chinese international trade.

Yahuda points out, significantly, that only with the Cold War coming to a close, did China start to develop policies aimed at working together with other regional states in order to steer the country in the right direction and towards growth. It is within only the last 25 years following, has China implemented the foreign policies that have allowed more foreign investment than ever before. This foreign investment has both fueled China’s development and had a significant role in allowing for even more outside influence to enter China. Along the fall of the Soviet Union, the largest hurdle to the worldwide spread of Capitalism faded as well. With this, a new era of globalization was ushered in. As a result of both globalization and the adoption of new economic and trade policies, China was able to flourish (Yahuda 2011, 183). Though globalization was seen as

China is a country with huge resources. In 2001, China successfully joint the WTO and rapidly took an important role on the international trade. In late 1990’s, China signed an agreement with Australia and built a close relationship with Australia. In the following years to date, there is a huge changes on the performance of trade and investment between these two countries, especially on agriculture, mining and manufacture. In this article, we will use trade theory to analysis the reason of changes of trade and investment performance after the development of policy.

Ningchuan Jiang Visiting Professor. FedEx Global Education Center. UNC. Chapel Hill. NC 27599, USA Depart. Economics and Management, Chengdu Textile College, Chengdu 611731, China Abstract It has been more than five years for China’s entry into WTO. With the decrease of regulations of tariff barrier and non-tariff barrier, the export market of Chinese textile products has been expanded and the market shares have been increased, which arouses great attention of many countries in the world. Some countries increase the limit of import. What should be noticed is the more covert and more agile trade barrier, which

India, a federal republic country, was under the colonial rule of British for around 200 years, which leads a large extent of economic resources loss. This changed till 1990s since the initiation of economic reform policies in 1991. On the other hand, China, a communist country, adopted the reform policies in 1978 which drove the economic a dramatic growth. Figure 1 indicates the development trends of these two countries in the past decades. We can easily figure out the difference between them is barely until 1990, after that, the growth rate of China is extremely larger than that of India.

During the first decade of the new millennium, China’s textile and clothing industry has been undergoing dramatic changes, and so has the market.

Since the mid 20th century an unlikely formidable alliance had slowly began to flourish in South Asia. China and Pakistan’s alliance began in the early 1960’s through the early 1970’s when conflicts between India vs. China and Pakistan had intensified. The Sino-Indian war that took place in 1962 ended as fast as it began. Along with the war that had taken place between India and Pakistan in 1965 and in 1971 when another indo-Pakistani war erupted and East Pakistan claimed independence and is known today as Bangladesh (Hagerty, 2002). In this comparison China and Pakistan had identified their similar interests with their historical and geographical concerns in maintaining “India’s power and influence” within Southeast Asia (Federal China Security Affairs Group [FCSAG], 2010). These are known as Geo-Political interests. There are many definitions of geopolitics but this one more specifically entails “the competition over the control of territory and extraction of resources” (Jonatan, 2012) China and Pakistan have built a friendship that is, “higher than mountains, deeper than oceans, sweeter than honey, and stronger than steel” (Tharoor, 2015), they are collaborating on military technologies and supporting one another’s economic interests. Although the contrasts of these two countries greatly outweigh this entente, with concerns over insurgencies in Pakistan such as it being a safe haven for the Afghani Taliban, said United States President Barack Obama in

The trade history of China is Important for how it has affected global production and earnings in poor and rich countries. Many analysts view China´s recent dominance primarily as the result of the post-1978 reforms.