Categories: International

China Surpasses US to become India’s top trade partner in 2020

China has regained its position as the top trading partner of India in 2020, which was held by the United States, since 2018-19. The two-way trade between India and China stood at $77.7 billion in 2020 despite the conflict along the Line of Actual Control (LAC) and the rising anti-China sentiment. The India-US bilateral trade stood at $75.9 billion, according to provisional data from the commerce ministry. Meanwhile, the UAE continues to remain India’s third-biggest trading partner.

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Important takeaways for all competitive exams:

  • China Capital: Beijing.
  • China Currency: Renminbi.
  • China President: Xi Jinping.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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