China Surpasses US to turn out to be India’s high commerce associate in 2020

China has regained its place because the high buying and selling associate of India in 2020, which was held by the United States, since 2018-19. The two-way commerce between India and China stood at $77.7 billion in 2020 regardless of the battle alongside the Line of Actual Control (LAC) and the rising anti-China sentiment. The India-US bilateral commerce stood at $75.9 billion, based on provisional information from the commerce ministry. Meanwhile, the UAE continues to stay India’s third-greatest buying and selling associate.

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Important takeaways for all aggressive exams:

  • China Capital: Beijing.
  • China Currency: Renminbi.
  • China President: Xi Jinping.

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