Taiwanese officials claim China’s customs administration has barred shipments of squid, Pacific saury, fourfinger threadfin and possibly other species.
File photo shows containers at the Yangshan Deep Water Port in Shanghai.
| Photo Credit: Reuters
The trade deficit, a source of friction between India and China, declined to a five year-low of $45.8 billion, the lowest since 2015.
India’s trade with China last year fell to the lowest since 2017, with the trade imbalance declining to a five-year low on the back of a slump in India’s imports from China.
Two-way trade in 2020 reached $87.6 billion, down by 5.6%, according to new figures from China’s General Administration of Customs (GAC). India’s imports from China accounted for $66.7 billion, declining by 10.8% year-on-year and the lowest figure since 2016.