India s trade dependence on China and the European Union increased by 1.2 per cent in 2023, despite government efforts to reduce reliance on Chinese imports through schemes like the Production-Linked Incentive (PLI) and Quality Control Orders (QCOs).
Deeply intertwined economic connections between China and Japan – built up over decades – are seen as the bedrock for stability in China-Japan relations, despite deep-rooted historical disputes and political mistrust.