India and China, representing Asia’s two largest and most dynamic economies, have been close trading partners since centuries
Several institutional mechanisms have been established for enhancing and strengthening economic cooperation
India-China Joint Economic Group on Economic Relations has been established
China supplies several critical products to India and absorbs some of India's agricultural exports
Many Indian banks have established their presence in Mainland China in the last few years
To establish bilateral ties, India & China have established more than 30 dialog mechanisms
US$ 58.11 billion
Valuation of India-China trade
US$16.99 billion
Exports to China January-November 2023
US$ 107.27 billion
Imports from China in January-November 2023
US$ 2,439.36 million FDI inflows from China since April 2000 to September 2023
Rapid Economic Growth
in recent decades, aided by investments in Urbanisation and Infrastructure development
Foreign Investment
In the early 2000s, China overtook the United States as the world's largest recipient of foreign capital.
Competitiveness
China's attractiveness as a manufacturing and trading hub is rooted in its development of manufacturing and related infrastructure, resource availability (physical and labor), productivity and workforce skills
Technological innovation
China's indigenous culture of technological innovation is driven by a combination of state run research institutions, leading-edge state-owned enterprises (SOEs), and an increasingly innovative Chinese private technology sector
India's Exports and Imports to China
Source: Department of Commerce
Country / Region: CHINA P RP
S.No. | \Year | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 |
---|---|---|---|---|---|---|
1. | EXPORT | 16,752.20 | 16,612.75 | 21,187.15 | 21,259.79 | 15,306.10 |
2. | %Growth | -0.83 | 27.54 | 0.34 | -28.00 | |
3. | India’s Total Export | 330,078.09 | 313,361.04 | 291,808.48 | 422,004.40 | 451,070.00 |
4. | %Growth | -5.06 | -6.88 | 44.62 | 6.89 | |
5. | %Share | 5.08 | 5.30 | 7.26 | 5.04 | 3.39 |
6. | IMPORT | 70,319.64 | 65,260.75 | 65,212.25 | 94,570.57 | 98,505.77 |
7. | %Growth | -7.19 | -0.07 | 45.02 | 4.16 | |
8. | India’s Total Import | 514,078.42 | 474,709.28 | 394,435.88 | 613,052.05 | 715,968.90 |
9. | %Growth | -7.66 | -16.91 | 55.43 | 16.79 | |
10. | %Share | 13.68 | 13.75 | 16.53 | 15.43 | 13.76 |
11. | TOTAL TRADE | 87,071.84 | 81,873.50 | 86,399.40 | 115,830.36 | 113,811.87 |
12. | %Growth | -5.97 | 5.53 | 34.06 | -1.74 | |
13. | India’s Total Trade | 844,156.51 | 788,070.32 | 686,244.36 | 1,035,056.45 | 1,167,038.89 |
14. | %Growth | -6.64 | -12.92 | 50.83 | 12.75 | |
15. | %Share | 10.31 | 10.39 | 12.59 | 11.19 | 9.75 |
16. | TRADE BALANCE | -53,567.43 | -48,647.99 | -44,025.10 | -73,310.78 | -83,199.66 |
17. | India’s Trade Balance | -184,000.33 | -161,348.24 | -102,627.40 | -191,047.65 | -264,898.90 |
Note:Since 2006-07, Petroleum figures are being computed from Import Daily trade Returns (DTRs) to genetate country-wise/port-wise tables. Up to 2005-06 consolidated petroleum import figures were being received from the Petroleum Ministry.
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Mixtures of juices, unfermented & not cont. added spirit, whether or not co … (200990)
Orange juice, frozen, unfermented & not cont. added spirit, whether or not … (200911)
Othr edbl mxr/prpns of anml/vegtbl fats/ oils/of fractns of diffrnt fats/oils (151790)
Beer made from malt (220300)
Mineral waters (nat./art.) & aerated waters, not cont. added sugar/oth. swe … (220110)
Non-alcoholic beverages other than waters of 2202.10 (not incl. fruit/veg. … (220290)
Sparkling wine of fresh grapes (220410)
Spirits obt. by distilling grape wine/grape marc (220820)
Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)
Whiskies (220830)
Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of >10 l (220429)
Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of 2 l/less (220421)
CASEINATE OTHER CASEIN DRVTS ANDCASEIN GLUES (350190)
Cuts & edible offal of species Gallus domesticus, frozen (020714)
Edible offal of bovine animals (excl. tongues & livers), frozen (020629)
Edible offal of swine (excl. liver), frozen (020649)
Edible parts of plants, prepd./presvd., whether or not cont. added sugar/ot … (200899)
FEATHERS OF A KIND USED FOR STUFFING;DOWN (050510)
Guts, bladders & stomachs of animals (other than fish), whole & pieces ther … (050400)
Hams, shoulders & cuts thereof , frozen, bone-in (020322)
Meat of bovine animals, fresh/chilled, boneless (020130)
Meat of bovine animals, frozen (excl. of 0202.10), bone-in (020220)
Meat of bovine animals, frozen, boneless (020230)
Meat of sheep (excl. lamb & carcasses), frozen, bone-in (020442)
Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), froxen (020329)
Bread, pastry, cakes, biscuits & oth. bakers’ wares n.e.s. in ch.19, whethe … (190590)
Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)
Sweet biscuits (190531)
Maize (corn), other than seed (100590)
Malt extract; oth. food preps. of flour/groats/meal/starch/malt extact [see … (190190)
OTHER BARLEY EXCL SEED (100390)
OTHER DURUM WHEAT EXCL SEED (100119)
OTHER GRAIN SORGHUM EXCL SEED (100790)
OTHER OATS EXCL SEED (100490)
OTHER WHEAT AND MESLIN (100199)
Semi-milled/wholly milled rice, whether or not polished/glazed (100630)
Wheat/meslin flour (110100)
LACTS AND LACTS SYRP CONTNG 99% OR MRE LACTSCALCTD ON THE DRY MATTER (170211)
Undenatured ethyl alcohol of an alcoholic strength by volume <80%vol; oth. ... (220890)
Chocolate & oth. food preps. cont. cocoa (excl. of 1803.10-1806.10), in blo … (180620)
Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)
Chocolate & oth. food preps. cont. cocoa, in blocks/slabs/bars, weighing 2k … (180631)
Chocolate & oth. food preps. cont. cocoa, in blocks/slabs/bars, weighing 2k … (180632)
Cocoa beans, whole/broken, raw/roasted (180100)
Cocoa butter, fat & oil (180400)
Cocoa paste, not defatted (180310)
Cocoa powder, not cont. added sugar/oth. sweetening matter (180500)
Butter (040510)
Cheese (excl. of 0406.10-0406.40) (040690)
Fats & oils derived from milk, other than butter & dairy spreads (040590)
Fresh (unripened/uncured) cheese, incl. whey cheese, & curd (040610)
Grated/powdered cheese, of all kinds (040620)
Ice cream & oth. edible ice, whether or not cont. cocoa (210500)
Milk & cream, not concentrated/sweetened, fat content by wt. >1% but not >6 … (040120)
MILK ALBUMIN INCLDNG CONCENTRATES OF TWO OR MORE WHEY PROTEINS (350220)
MILK AND CREAM, NT CONCENTRATED NOR CONTAIN ADDED SUGAR/ OTHER SWEETENING MATTER OF A FAT CONTENT, BY WEIGHT, > 10% (040150)
Milk in powder/granules/oth. solid form, fat content by wt. not >1.5% (040210)
Milk in powder/granules/oth. solid form, unsweetened, fat content by wt. >1 … (040221)
Processed cheese, not grated/powdered (040630)
Yogurt (040310)
Pasta (excl. of 1902.11-1902.20) (190230)
Waffles & wafers (190532)
Food preps., n.e.s. (210690)
Preparations for infant use, put up for rs (190110)
Food preps., n.e.s. (210690)
Natural honey (040900)
Preparations for infant use, put up for RS (190110)
Preparations of fruit (excl. citrus fruit; excl. homogenized), obt. by cook … (200799)
Prepared foods obt. by the swelling/roasting of cereals/cereal prods. (190410)
Sauces & preps. therefor, n.e.s.; mixed condiments & mixed seasonings, n.e. … (210390)
Whey & modified whey, whether or not concentrated/sweetened (040410)
Apples, fresh (080810)
Avocados, fresh/dried (080440)
Bananas frsh or dried (080390)
Betel leaves (140490)
Bulbs, tubers, tuberous roots, corms, crowns & rhizomes, dormant (060110)
Citrus fruit, prepd./presvd., whether or not cont. added sugar/oth. sweeten … (200830)
Cranberries (vaccinium macrocarpon,vaccinium oxycoccos vaccinium vitis-idaea): fruit prpn (200893)
Cranberries, bilberries & oth. fruits of the genus Vaccinium, fresh (081040)
Dried fruit (excl. of 08.01-08.06 & 0813.10-0813.30) (081340)
Durians, fresh (081060)
Fresh fruit, n.e.s. (081090)
Fruit & nuts, n.e.s., uncooked/cooked by steaming/boiling in water, frozen, … (081190)
Grapefruit, fresh/dried (080540)
Grapes, fresh (080610)
Guavas, Mangoes & Mangosteens, fresh/dried (080450)
Kiwifruit, fresh (081050)
Live plants, n.e.s., incl. their roots; mushroom spawn (060290)
Mandarins, incl. tangerines & satsumas; clementines, wilkings & sim. citrus … (080520)
Manioc (cassava) (071410)
Manioc (cassava) starch (110814)
Oranges, fresh/dried (080510)
Other – cherries: (080929)
Other cane sugar: (170114)
Pineapples, fresh/dried (080430)
Plums & sloes, fresh (080940)
Potatoes, prepd./presvd. othw. than by vinegar/acetic acid, frozen, other t … (200410)
Vegetable seeds, of a kind used for sowing (120991)
Peas (Pisum sativum), dried, shelled, whether or not skinned/split (071310)
agriexchange.apeda.gov.inCrustaceans, not frozen, crabs, whether in shell or not smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water; edible flours, meals, and pellets (030624)
Fish; frozen, Alaska pollack (Theraga chalcogramma)
excluding fillets, Ilivers, roes, and other fish meat of heading 0304 (030367)
Fish; frozen, cod (Gadus morhua, Gadus ogac, Gadus macrocephalus), excluding fillets, Iivers, roes, and other fish meat of
heading 0304 (030363)
Fish; frozen, n.e.c. in heading 0303, excluding fillets, livers, roes, and other fish meat of heading 0304 (030389)
Molluscs, cuttle fish and squid, whether
in shell or not, frozen, dried,
salted, in brine, or smoked, cooked
or not before or during the
smoking process (030749)
GROUND-NUT, NOT ROASTED OR OTHERWISE COOKED, WHETHER OR NOT SHELLED OR BROKEN-IN SHELLED WHETHER OR NOT BROKEN (120242)
Nuts (excl. ground-nuts), incl. mixts., prepd./presvd., whether or not cont … (200819)
Nuts, n.e.s., fresh/dried, whether or not shelled/peeled (080290)
Broken rice (100640)
agriexchange.apeda.gov.in*Information subject to changes amid the global COVID-19 pandemic.
China, global powerhouse and the world’s largest developing country, faces an acute skills shortfall along with the challenges of an ageing population and a shrinking labor force. Labor costs are rising, supply and demand is dangerously skewed, and vocational training is unable to fill the breach fast enough. Macroeconomic transformation and structural change have resulted in increased skills mismatches in the Chinese labor market. When looking for English-speaking jobs, these will mostly be in cities such Beijing and Shanghai – the business and industrial hubs of the country. Many multinational companies have their Asian headquarters in one of these east coast locations – as well as in Hong Kong, Guangzhou, Shenzhen and Tianjin.The majority of expatriate workers in China find jobs with foreign-invested enterprises. Although opportunities do exist with Chinese companies, these usually require some knowledge of Mandarin.
There are 56,050 Indians living in China, according to the MEA. With the growth in bilateral trade between India and China in the last few years, many Indian companies have started setting up Chinese operations to service both their Indian and MNC clientele in China. These companies are into manufacturing (pharmaceuticals, refractories, laminated tubes, auto-components, wind energy etc.), IT and IT-enabled services (including IT education, software solutions, and specific software products), trading, banking and allied activities.
More Info: Ministry of Foreign Affairs State Council (Work in China)
Infrastructure
National initiatives such as the Belt and Road initiative and national technology projects are attracting more high-end foreign professionals.
Ministry of Foreign AffairsKey government site for jobs: State Council (Work in China)Demand for highly-specialized engineers in automotive, oil and gas, clean energy and general heavy industries. Environmental engineers
China has one of the highest numbers of engineers graduating from the universities yearly, but with the rapid growth in industrial production, they fall short of skills in some areas.
China supports foreign talent with permanent residence certificates to set up sci-tech enterprises, according to guidelines recently issued by the country’s Ministry of Science and Technology.
Foreign bank executives, advanced financial controller, and Chief Financial Controller is one of the in-demand careers in China for foreigners and requires not only vast knowledge on financial policies but also a mix of Western and Chinese business experience.
After China entered the WTO at the end of 2001, it gradually opened and expanded its financial sector and thus the demand for financial talents has kept increasing.
Ministry of Foreign AffairsState Council: State Administration of Foreign Experts AffairsNurses, medical teaching faculty
China’s ageing population has opened up a new opportunity, especially in the field of nursing care for the elderly. If Indian nurses, known globally for their competence, pick up the language, there’s opportunity for nursing staff in this sector
21000 Indian medical students studying in various medical colleges in China. These places offer teaching faculty opportunity for employment. China has recently liberalised FDI regime for international hospital chains, which will require English speaking doctors
Hotel receptionists, chefs, servers, food and beverage manager
China’s tourism industry is booming and by 2020 expected to be the largest tourist country in the world
Ministry of Foreign AffairsState Council: State Administration of Foreign Experts AffairsThe services sector, IT and media industries have overtaken the education industry as major job sources for expats in China. China’s Information Technology business is booming, and small and medium-sized technology enterprises offer many employment opportunities in the IT sector for expats Software engineers.
Foreigners who have competencies in big data, artificial intelligence, digital marketing, knowledge management, brand and smart data analysis are in greater demand
China’s information and communication technology (ICT) market is among the most dynamic sectors in the economy. By 2021, the market is projected to reach $8.1 trillion, representing 55% of China’s GDP, according to information technology (IT) consulting firm IDC.
Ministry of Foreign AffairsState Council: State Administration of Foreign Experts AffairsMarketing specialists
Rapidly growing Internet companies want creative individuals to work on global marketing campaigns and help them target their brand language. Alibaba and Xiaomi have hired large numbers of foreign professionals in marketing roles in project management, social media etc
Ministry of Foreign AffairsState Council: State Administration of Foreign Experts AffairsBeijing alone has a plethora of state-run English newspapers, TV channels, radio stations, news portals and needs experienced hands.
Entry-level editing jobs in a city with a lot of news syndicates like Beijing or Shanghai usually pay as much as teaching English jobs at a training center.
English editor, writer and journalist, legal document translator, technical writers
Pharmaceutical Professionals
In the process of consolidation of its pharma sector wants to bridge the technological gap between its generic medicine producers and Indian generic manufacturers. Keen to catch up with India in this field, there is a major demand for Indian pharmaceuticals professionals.
Key government site fo jobs: State Administration of Foreign Experts AffairsMinistry of Foreign AffairsResearchers in stem cell, quantum communication, quantum technology research,medical big data and advanced sensors.
Shangai Innovation Zone is an important hub for high-tech companies from China and abroad. It is continuing its campaign to attract talents from across the globe.The zone has also gathered a large number of professionals through major scientific projects,
Ministry of Foreign AffairsState Council: State Administration of Foreign Experts AffairsTeachers for high schools, universities and private schools, language assistant, Yoga teachers
English teaching jobs are a major source of employment for international workers in China. The international schools in China pay good salaries and the universities want qualified teachers to lead math, science or history courses in English-medium programs.
Great demand to employ Indian Yoga Teachers at China’s yoga studios and centres and to instruct yoga teachers manning the large number of yoga centres
Ministry of Foreign AffairsState Council: State Administration of Foreign Experts AffairsReserve: 11,932,000.7 tons
mnr.gov.cnReserve: 1708.57 billion cubic meter
Production: 3.68 billion tons
Reserves: 106.08 million tons
Production: 1.85 million tons
Reserve: 257 million tons
mnr.gov.cnReserve: Magnesite Ore – 3,103 million tons
www.mnr.gov.cnReserve: Coalbed Methane – 304.63 billion cubic meters
mnr.gov.cnReserve: Phosphate Rock Ore – 25,282 million tons
mnr.gov.cnReserve: 6,300 tonnes ores
mnr.gov.cnReserve: Shale Gas – 216.02 billion cubic meters
mnr.gov.cnReserve: 826 million tons
mnr.gov.cnReserve: 65,613,000 tons
mnr.gov.cnHere are the leading sectors of opportunities for foreign investors
Dr. Reddy’s Laboratories
Aurobindo Pharma
Matrix Pharma
NIIT
Bharat Forge
Infosys
APTECH
Wipro
Essel Packaging
Suzlon Energy
Reliance Industries
Oppo
Vivo
Xiaomi
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