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Moneycontrol.com >> Messageboard >> Market View >> Economy >> Advantage China
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Advantage China (45)   21-Nov-09 04:21Track this thread   Tracked by (0)  
Posted by:   tally on ( 21-Nov-09 04:21 )
Addressed to  world investor,  bharat in delhi,  bhusbhac,  bubbu64,  Callahan,  chief_kamani,  dipakgod,  iinvestr,  patience,  joetom,  lifaylon,  micky59,  mohankumar1000,  naugtyboy,  netdo,  pitquote,  pkjattking,  marketman,  pyaretaj,  radhika_nandlal,  robin_gupta35,  rudra_sinha,  rupesh711in,  rvk41,  sd3,  bookworm,  sumit22gupta,  supreet34,  TrueCompanion,  Varner,  tara23
Rating      

India has unwittingly given huge trade advantage to China. We export goods worth $ 9 billion a year comprising mostly commodities like iron ore and import annually manufacturing goods worth $ 31 billion by putting cos like BHEL, Steel cos & L&T to huge disadvantage.

What a shame. We acquire willingly trade disadvantage without any political or economic benefit.

China has already scored advantage over a mighty nation like USA. If we do not put a stop to current account deficit with China we will only ensure a mighty China who will threaten us at each and every opportunity. Time for large track correction???
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