Indo-China Trade To Touch $70 Bn

China has become India''s second largest trading partner, next only to the US, and trade between the two countries is likely to reach $70 billion in 2010. Statistics released by the Chinese commerce ministry reveal that bilateral trade between India and China in the first five months of 2007 touched $14.2 billion, an increase of 53.70 per cent over the same period last year, making it the fastest growth rate among all of China''s top 10 trading partners.

It is therefore not surprising that the fifth China Products Exhibition, opening here on Dec 13, has generated great interest among the Indian and Chinese businessmen. Over 150 Chinese companies are taking part in the three-day event, according to Rajesh Bhagat, managing director, Worldex India Exposition and Promotion Pvt Ltd (WIEP), co-organisers of the event. The expo will showcase products ranging from building and construction to home appliances, and food and beverages to toys.