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China and India: Greater Economic Integration
Beginning of article
Rapidly expanding trade and nascent foreign investment promise stronger economic links between the world s two fastest-growing and most populous countries.
Economic ties between China and India will play a large role in one of the most important bilater- al relationships in the world by 2020. Bilateral trade has already surged from under $3 billion in 2000 to nearly $52 billion in 2008 (see Table 1). Though last years figure equals only one-eighth of total US-China trade in 2008, China-India trade is growing at nearly three times the pace of US-China trade, and rapid growth will likely continue. Even conservative estimates sug- gest that, by 2020, China-India trade could surpass …
