India China Trade Relations Impact on Economy: A Review Study

ABSTRACT

In this paper I have studies that both China and India have an extended history of international trade going back centuries ago, both their economies were until recently highly protected and controlled to a large extent albeit that their political systems are very different. China is still a very unique case in the sense that while it has allowed its economy to be opened to Capitalists MNCs, it is still governed by the Communist Party with a strong leadership not giving away state power. China and India are two neighboring countries in Asia who share the two largest population of the world and in fact added together they represent nearly one third of humanity. Globalization has imposed internal pressure and external pressure to bear on both India and China. For most Chinese and Indians alike, economic life is hard despite the fact that reforms and globalization have created various new opportunities