Abstract
In recent years, bilateral relations between China and India are the focus of international attention. Despite the constant friction between China and India, the fact that China is the largest trade partner in India is not changed, and the bilateral trade volume in 2017 has set a new record of history. The continued implementation of the strategy of “One Belt and One Road” of the Chinese government has brought lots of new opportunities for China and India economic and trade cooperation. In order to analyze the competitiveness and complementarity of trade between China and India under the background of “One Belt and One Road”, the article uses the “UN” UNCOMTRADE database, measuring the trade of China and India of revealed comparative advantage index, trade integration index, export similarity index, the specialization of the revised coefficient index and coefficient of consistent index, to analyze competition and complementarity of trade between China and India. Results show that the trade structure of China and India has a certain competition, but also has a lot of complementarity; There are many types of products in mutual trade: China mainly exports manufactured goods to India, and the India exports to China mainly primary products and semi-finished products. According to the strategy of “One Belt and One Road” background, we try to put forward policy measures to promote China’s economic and trade relations with south India.
Highlights
In the second half of 2013, President Xi Jinping proposed to the international community the strategic concept of jointly building the Silk Road Economic Belt and the 21st Century Maritime Silk Road for the first time, demonstrating to the world the grand blueprint of the “One Belt and One Road” initiative, which has received over 60 worldwide countries and regions’ positive responses, including countries such as India in South Asia [1]
Observing the trade between China and India in 2016, India exported 8.92 billion dollars to China, a decrease of 6.89% compared to the last year, accounting for 3.43% of India’s total exports; India’s import from China was 60.48 billion dollars, a decrease of 1.82% compared to the last year, accounting for 16.96% of India’s total imports
This paper focuses on analyzing the current status and potential of China-India economy and trade cooperation in terms of competitiveness and complementarity
Summary
The Chinese government will promote the “One Belt and One Road” initiative. It will be included in the Party Constitution of the ruling party in China and will be demonstrated to the world the Chinese government’s determination and confidence in strengthening the “One Belt and One Road” international cooperation. In the second half of 2013, President Xi Jinping proposed to the international community the strategic concept of jointly building the Silk Road Economic Belt and the 21st Century Maritime Silk Road for the first time, demonstrating to the world the grand blueprint of the “One Belt and One Road” initiative, which has received over 60 worldwide countries and regions’ positive responses, including countries such as India in South Asia [1]. The implementation of the “One Belt and One Road” strategy is in line with India’s long-term interests, and India is actively participating in the construction of the Bangladesh-China-Burmese Economic Corridor. Bilateral trade volume exceeded 80 billion dollars for the first time, amounting to 84.41 billion dollars, an increase of 18.63% over the same period of last year. The above data are derived from the “UN” UNCOMTRADE database
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