'6th China Products Exhibition 2008' from Dec 10 in Mumbai
The Mumbai Terror attacks – which were meant to derail the emerging India success story – have had little or no effect on the global business map if one goes by the decision of Chinese businessmen who have landed in Mumbai as a part of the “6th China Products (Mumbai India) Exhibition 2008” a trade exhibition to facilitate tie ups, joint ventures, collaborations and import – export trading relations between the two Asian giants.
With western countries on the throes of a recession the two Asian giants – India and China, both of whom have a huge domestic economy – are coming closer than ever before and are likely to become the most important trading partners for each other before 2015. China's trade with India is growing at a faster rate than China's trade with any other major trading partner.
More than $5 billion worth of contracts are signed by Chinese companies for implementation of infrastructure projects in India, in the first three quarters of 2007. This was also the highest value for contracts signed by China with any other country in this time period.
For India, China is a bigger trade partner than Japan, the US, or the entire world and for China, India is already is one of its top trading partners only after Japan and USA. Of course, China's trade with India is growing much faster than with any of the other country making India an increasingly important trading partner for China.
To tap this growing business opportunities between India and China, after 5 successful similar exhibitions, the eagerly awaited 6th China Products (Mumbai India) Exhibition 2008 is organised again in Mumbai from 10th – 12th December, 2008, at the Grand Hyatt Ground, Hotel Grand Hyatt, Mumbai, India. An extensive range of products varying from industrial to consumer goods would be displayed by more than 100 Exhibitors from various provinces of China.
This trade exhibition is organised by the China Council for the Promotion of International Trade alongwith Worldex Group of Exhibition Companies and is supported by All India Association of Industries and India-China Chamber of Commerce and Industry.
INDIA CHINA TRADE:
Sino – Indian bilateral trade continues to grow by leaps and bounds, with the trade value in the first half of calendar year 2008 hitting the $ 29 billion mark, recording a 69 per cent jump over the corresponding period last year. India and China are on course to raise bilateral trade to $ 60 billion by 2010, which was the target set by the Prime Ministers of both the countries in 2005. Bilateral trade in calendar year 2007 stood at $ 38.65 billion, registering an increase of 56 per cent over the previous year.
Even if the growth rate in India – China trade slows down to 25% annually from the current rate of over 50% , bilateral trade between them will be almost $ 75 billion in 2010 and $ 225 billion in 2015, i.e., as large as China – US trade just three years ago.
Worldex India Exhibition & Promotion Pvt. Ltd