Balance of trade between India and China

India and China are two large Asian giants in terms of trade and commerce. In terms of population both these countries together constitute two-third of world population. That’s more than half of world’s consumers.

By 2015, the target of bilateral trade between two nations is set to $100 billion. Currently, it is nearly $75 billion a year. However the balance of trade is not in favour of India.

This visit is probably going to solve this negative balance of trade as China is likely to allow trade in the areas of telecom and IT sectors which are the core strengths of India.

Chinese Premier Li Kequing brought with him a large delegate of top business leaders from China who are currently have meetings in Mumbai – Indian business capital.

Chinese Premier Visits India

Chinese Premier has landed in India. Even while there are tensions between India and China on the borderline, this visit is going to be beyond that.

Indo-Chinese trade relation is currently valued at $75 billion. This has come a long way when the trade value was about $11 billion around 10 years ago.

It is expected that by 2015, Indo Chinese trade relations shall hit $100 billion. Now that’s big numbers.

This week danapredict will keep a watch on how the Chinese Premier’s visit will affect Indian markets.

Some of the sectors to watch will manufacturing, automobile and electronics.

We will be posting our analysis on this so keep visiting this section again.

Sell AMBUJACEM

Sell AMBUJACEM below 167, target 155.7 and Stoploss 178.3

Over the past few days, it has been observed that AMBUJACEM has created a strong support at 167. If the price moves beyond this mark, there is a likelihood of further decrease in the price.

Ambujacem is below 200 DMA, we have seen a heavy fall two weeks ago. Last week it went into consolidation and back to a fall. We advise to enter only if it crosses below 167.

ambuja