China has once again become India's biggest trading partner and is trending on Weibo.

　　pursuantIndiaProvisional data from the Ministry of Commerce, bilateral between China and IndiatradingThe amount reached $77.7 billion in 2020. Although this figure is lower than 2019'stradingThe amount — $85.5 billion, but that's enoughChinaReplacing the USrenderedIndiabiggestThe commerce ofpartner. After the outbreak of the epidemic, due to low demand for products,IndiaBilateral with the US in 2020tradingThe amount was 75.9 billion US dollars.

　　The report mentioned that althoughIndiaThe government has banned hundredsChinaThe app has slowed down, rightChinaInvestment approval and so-called “self-reliance” were called for in the Sino-Indian border conflict, butIndiaStill heavily dependentChinaManufacture of heavy machinery, telecommunication equipment, and household appliances. As a result, in 2020,IndiaversusChinaoftradingThe deficit is close to 40 billion US dollars.renderedIndiabiggestoftradingThe source of the deficit.

　　According to Bloomberg,IndiasinceChinaThe total import volume is 58.7 billion US dollars, more than the total imports from the US and the UAE. The two countries areIndiaSecond and third largesttradingpartner.

　　The report quoted Amitendu Palit, an economist at the National University of Singapore, as saying, “New Delhi's efforts to get rid of Beijing will take a long time.” “Production-linked incentive schemes (PLI) take at least four to five years to create new competencies in specific sectors. At that point, (India) RightChinaThe dependency will continue.”

　　Recently,IndiaAspects seem to be beginning to let go of their wayChinaInvestment approval. The British Reuters news agency exclusively revealed on February 22 thatIndiaGovernment and industry sources revealed that as the tension on the Sino-Indian border slows down,IndiaWill be approved fromChina45 investment proposals, which may include investment proposals from Great Wall Motor and SAIC Motor Group.