How does Meicheng India's largest trading partner affect China?Experts say it is worthy of vigi

[Global Times Reporter Yuan Jirong Yang Shasha] Editor's words: Indian media recently reported that the United States has surpassed China to become India's largest trading partner in fiscal 2021-2022. After the news was released, in the context of India that has joined the United States' "Indo -Pacific Economic Framework", remarks such as "the United States Worship Success" and "Sino -Indian Trade Describe" are full of western and Indian media. What happened to the US -India trade? Will Chinese products be reduced in India? Will China -India Economic and Trade weaken? "Global Times" reporter interviewed a number of experts and people of China and India for this reason.

What does India buy and sell the United States

According to India's Economic Times, the latest data released by the Indian Ministry of Commerce and Industry shows that the United States in fiscal year in 2021-2022 (India's fiscal year from April 1st to March 31st each year-editor's note) has exceeded more than more than). China has become India's largest trading partner, with bilateral trade volume reached 119.42 billion US dollars. From the perspective of segmented data, India ’s trade exports to the United States have increased from about US $ 51.62 billion in the previous fiscal year to US $ 76.11 billion, and the import amount has increased from approximately US $ 29 billion to about 43.31 billion US dollars. The main products exported to the United States include polishing diamonds, pharmaceutical products, jewelry, light oil and oil, frozen shrimp, cosmetics, etc. India imported from the United States mainly about oil, liquefied natural gas, gold, coal, recycling products and scrap iron, and large almonds.

The data also shows that the bilateral trade volume of 2021-2022 fiscal year in India is about $ 115.42 billion, an increase of about 1/3 from US $ 86.4 billion in fiscal year. Among them, India exports about US $ 212.5 billion, and imports in China are about 94.16 billion US dollars. The Hindus reported that the trade volume of imported goods from China is increasing, and the top 100 imported items categories have exceeded 100 million US dollars. Indian experts believe that India has no signs of relief in China's dependence on the import of finished products.

Chinese Foreign Ministry spokesman Zhao Lijian responded at a regular press conference on May 31 that according to the data of the Chinese competent authorities, the bilateral trade volume of China -India in 2021 was US $ 125.66 billion, which is still the largest trading partner in India and the first breakthrough for the first time. $ 100 billion. The statistical caliber between China and India has different statistics, which leads to the difference in the number of trade amount announced by each. Data show that China is the largest trading partner in India from 2013 to 2014 to 2017-2018. Except for China, the United States and the UAE have been India's largest trading partners.

"This time the United States has become India's largest trading partner, and all parties do not feel surprised, because the United States has always been a very important trading partner in India." Liu Xiaoxue, an associate researcher of the Asia -Pacific and Global Institute of Strategy of the Chinese Academy of Social Sciences, accepted " The Global Times reporter said in an interview that China has not been the largest trading partner in India, and this time it is not the first time that the United States has become India's largest trading partner. For a long time, China and India have maintained a relatively large trade deficit, and India has maintained a trade surplus in the United States. Therefore, India has always regarded the United States as an important export market.

Chinese goods, American goods, which one even more loves India

Professor Lal, a professor of University of India, is not very sensitive to the news of "the United States surpassed China to become the largest trading partner in India." Because in Lal's life, it is as small as the screws to the TV refrigerator mobile phone and other objects. The daily necessities are mostly Chinese products. Ralal told the Global Times reporter that Chinese goods are beautiful and cheap, and there are almost no other countries that can match it. It is loved by Indian consumers. Even Indians worshiped God's appliances from China. Delhi's famous "Moonlight Market", small shops on both sides of the street are covered with various decorative flowers, luggage, shoe and hats, etc. These are mostly purchased from China, and the price is quite cheap. Every year, how many lamps in the "Moonlight Market" are from China. It is a way to explain the "invasion" of Chinese products in India for "invasion" of Indian products. Especially the most obvious reflection of electronic consumer goods. On the Bangalore's main road Gandhi Avenue, the left side of OPPO, the billboard on the right vivo spreads a few kilometers, giving passers -by a great shock. Indian brand.

Gubuta is a hardcore "rice noodle" in New Delhi. He has a mobile phone of Xiaomi in all series of India. He told the "Global Times" reporter Xiaomi mobile phone circle secrets, "Xiaomi is very cost -effective, and other mobile phones that are also configured are much higher than Xiaomi. I pay more attention to Xiaomi after -sales service. The repair is very cheap and convenient. It is equivalent to buying a new phone. " Gubuta told reporters that compared with Chinese mobile phones, Apple mobile phones in the United States are high, and the latest mobile phones are equivalent to RMB 10,000 in India, and ordinary Indians cannot afford it.

Lar said that most of the United States exported India is energy products and agricultural products, and China exported India is mostly manufacturing products. It seems that Chinese goods occupy the Indian market. But in fact, in more invisible occasions, such as in the field of emerging information, the United States dominates. Such as e -commerce Amazon, search engine Google, social media Facebook, Twitter and WhatsApp.

India's development of manufacturing cannot go around China

Zhang Jiadong, director of the South Asia Research Center of Shanghai Fudan University International Issues Research Institute, told the Global Times reporter that the continuous strengthening of the US -India trade relations has both epidemic factors and India's attempts to "decompose" Chinese factors. However, security factors occupy an important position, that is, India has accelerated "replacement of China in China" with the "fear of Chinese" mentality at home and abroad. Zhang Jiadong believes that China -India trade is a market economy hindered by diplomacy, and the US -Indian trade is a market economy encouraged by diplomacy. At present, the fundamentals of China -India economic and trade cooperation have not changed, but we must be alert to the future of the United States and India jointly engaged in "decoupling" China. Zhang Jiadong said that the United States' promoting the transfer of the industrial chain is mainly reflected in the trade relations between China, Southeast Asia, and the United States, and it is not obvious in India.

It is not easy for India to "decompose with China". Liu Xiaoxue told reporters that some people in India want to leave China, attract capital from the United States, undertake high -tech enterprises, and participate in the global supply chain in depth to promote the great development of India's domestic manufacturing industry. Taking Tesla as an example, India has always hoped that Tesla can build factories in the country, but Tesla adopts a global procurement model. Even if you go to India to build factories, many parts must be imported from the "world factory" in China.

"India's idea is very emotional and short -sighted. In order to benefit in front of him, he even wants to tear his face with China," said Liu Xiaoxue. In fact, only China can transfer what India needs.

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