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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (254)8/10/2003 10:31:57 PM
From: RealMuLan  Read Replies (1) | Respond to of 6370
 
Indian exports to China zoom by 102%
ECONOMICTIMES.COM

[ SUNDAY, AUGUST 10, 2003 01:26:17 PM ]
BEIJING: Indian exports to China zoomed by 101.5 per cent in the first half of 2003 to propel bilateral trade to a record $3.4 billion, aided by impressive performance of iron and steel, ores, plastics and organic chemicals.

India-China bilateral trade during January-June this year reached $3.4 billion, up 67 per cent over the same period last year, according to statistics released by General Administration of Customs of China.

While Indian exports to China made an impressive growth of 101.5 per cent to touch $1.979 billion, imports from China saw a moderate growth of 35 per cent to total $1.478 billion.

The trade balance for the period was also in favour of India to the tune of $501 million. Official sources said trade enquiries from Chinese companies have boomed after Prime Minister Atal Bihari Vajpayee's visit and this year's total trade is set to surpass last year's trade turnover of $4.9 billion.

economictimes.indiatimes.com