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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