The largest existing Communist nation, with the highest population i.e. 1.4 billion, to be precise; is also one of the most powerful economies in the world, China as a country, as a lot going for it and otherwise. The political regime has definitely had an enormous impact in regulating Chinese policies since its very inception. Decades of stagnation was overturned
only when the Communist Party adopted more capitalistic policies for economic growth and development.
At present, China has a GDP rate of $17.6 trillion, exhibiting agrowth of 7.4%. According to the statistics provided by World Bank, China has an unemployment rate of 4.7%,which is seemingly stable as compared to other economic giants. As of 2016, The Heritage Foundation states that China’s FDI Inflow rate is $128.5 billion. These factors have contributed in elevating the Chinese language as one of the top business languages of the world.
The country relies heavily on exports and imports and according to Trading Economics, in 2015-16 exports increased 11.5% amounting to USD 160.68 billion, beating market expectations of a 2.5% rise. However, these numbers are bound to fluctuate depending on how other countries perform. For instance, the EU Crisis deeply affected the Chinese economy, as it is a huge market for Chinese goods.
Speaking of India and China, there has been a commendable growth in trade and commerce partnership between the two countries. India receives 3% of the total exports by Chinese. As per the report by FICCI, the Chinese have invested in the following Indian sectors :-
Listed below are the Top Chinese Companies in India :-
In late 2000s, 32 Chinese companies came together to form Chamber of Chinese Enterprises in India (CCEI). Companies make this move when they see a significant and potential market for trade; India, in this case. Another major organization which fosters relations between the two countries is the India - China Chamber of Commerce and Industry (ICCCI). Due to the consistent growth in Indo-China business, there has been a constant demand for Chinese – English Translation Services and Chinese Interpreters, as officials from both countries travel to and fro for various meetings, trainings, and other such business trips.
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