China pips US as India's No.1 trade partner

The Times of India ^ | 2/29/2008

[steelboy]

China is now India's largest trading partner. This was revealed by the Economic Survey for 2007-08, which said that "China's trade share during April-October 2007 is even higher than that of the United States by Rs 600 crore".

[BBell]

dude, your links to the article suck!

[CarrotAndStick]

I wonder what the balance would look like, if the multi-billon-dollar defense and aerospace deals between India and the US is added. What about software, does it figure too?

[mysterio]

If we followed the link he provided and posted an article that linked to this thread, it would cause a time paradox.

[steelboy]

http://timesofindia.indiatimes.com/Business/India_Business/China_pips_US_as_Indias_No1_trade_partner/rssarticleshow/2824074.cms

[BBell]

But you know some people here will still post replies irregardless of anything they have actually read!!

[Lancey Howard]

[mysterio]

That would be the equivalent of dividing by zero. Once again, time paradox.

We must stop posting before it spirals out of control.

[BBell]

Thank you steelboy for correcting it so quickly!

[endthematrix]

You mean you read the articles? Where’s the fun in that?

[Soliton]

This is the result of the incredible shrinking dollar, not an increase in units sold.

[BBell]

"Calling for conserving this resource for future development, it pointed out that the other major item was non-ferrous metals with a 6% share. Demands for these items is likely to fall after the Beijing Olympics this year and hence India will have to diversify exports to China if the widening trade deficit is to be contained, it cautioned."

I can not believe that the ChiComs are consuming so much non-ferrous metals for the Olympics that their imports of non-ferrous metals will actually drop off afterwords.

And further more they mention the trade with the Arab Countrys but do they take in consideration all the Indians who are in Arabia working and sending money back to India? It's kind of like the immigrants from the south of the border here who are sending money back to prop up the economy's in their home countrys.

[BBell]

Sometimes it’s fun to make the one’s who don’t read the articles look silly by quoting them lines from the article. I don't do it much anymore though. Too many of them.

[steelboy]

No problem.