TITLE:
China and India Trade Competition and Complementary: Analysis of the “Belt and Road” Background
AUTHORS:
Kangkang Li
KEYWORDS:
“One Belt and One Road”, Trade Competition, Trade Complementarity, China and India
JOURNAL NAME:
Modern Economy,
Vol.9 No.7,
July
23,
2018
ABSTRACT: In recent years, bilateral relations between China
and India are the focus of international attention. Despite the constant
friction between China and India, the fact that China is the largest trade
partner in India is not changed, and the bilateral trade volume in 2017 has set
a new record of history. The continued implementation of the strategy of “One
Belt and One Road” of the Chinese government has brought lots of new
opportunities for China and India economic and trade cooperation. In order to
analyze the competitiveness and complementarity of trade between China and
India under the background of “One Belt and One Road”, the article uses the “UN”
UNCOMTRADE database, measuring the trade of China and India of revealed
comparative advantage index, trade integration index, export similarity index,
the specialization of the revised coefficient index and coefficient of
consistent index, to analyze competition and complementarity of trade between
China and India. Results show that the trade structure of China and India has a
certain competition, but also has a lot of complementarity; There are many types of products in mutual trade: China mainly exports
manufactured goods to India, and the India exports to China mainly primary
products and semi-finished products. According to the strategy of “One Belt and
One Road” background, we try to put forward policy measures to promote China’s
economic and trade relations with south India.