China's total imports and exports expanded by 22.7 per cent year on year to 28.33 trillion yuan (about $4.38 trillion) in the first three quarters of 2021, official data showed. The figure is a rise of 23.4 per cent from the pre-epidemic level in 2019, according to China’s General Administration of Customs.
China's exports to India went up to $68.46 billion—up by 51.7 per cent YoY—apparently aided by massive imports of urgent supplies, like oxygen concentrators, when India was in the grip of the second wave of the COVID-19 pandemic in April and May this year, a new agency reported.
Indian exports to China totalled $21.91 billion, registering a noteworthy increase of 42.5 per cent. However, from India's point of view the trade deficit, which remained a concern over the years, reached $46.55 billion and is expected to climb further by the year end.
Fibre2Fashion News Desk (DS)