Asia Times looks at India’s widening trade deficit with China:
On the surface then, there appears to be plenty of evidence for optimists who hold that Bangalore and Shanghai, rather than New Delhi and Beijing, are the new determinants of the topography of bilateral ties; ties that are increasingly characterized by commerce rather than conflict.
However, in recent months a ballooning trade deficit with China means that gray clouds are threatening to mar the sunshine that India-China trade has been spreading in its wake thus far. [Full text]
