 Please subscribe to this YouTube channel mentor talk can do press bell button for notifications. There is a famous idiom which says it is easier said than done. It doesn't mean that certain ideas are impossible to execute. It merely means that it is doable but it may not be so easy. The escalation of tension between India and China has raised concerns about continuance of India-China economic relations. It is not the case that we are nobody to each other. The current situation can seriously affect economic dimensions of both the nations. But I am making out a case here for cutting down all economic ties with China. Because overall according to me these in the past many years it has been seen that we have gained nothing out of China rather China has used us and gained a lot out of India. China is Asia's biggest economy. It is the second largest in the world based on GDP of about US dollar 14 trillion. Whereas India is at third position in Asia with about US dollar 3 trillion. There is quite a that is quite a gap. Today China is India's second major trading partner. First being the United States. If you go through the website of the Indian Bessie in China it proudly shares a solid economic bond between India and China. For the for the for the year 2018 bilateral trade between both the countries increased by more than 13% year on year to reach about US dollar 96 billion. With India's exports rallying to about just US dollar 19 billion dollars whereas India's imports from China have reached about US dollar 77 billion. There has been a huge trade deficit to the extent of US dollar 51 billion and more. And that has been a cause of concern for India for the reason that it indicates lack of ability to compete with Chinese manufactured goods. Our exports are much lower than Chinese imports. The growth in bilateral foreign direct investment has not maintained tempo with the increase in trading volumes between the two countries. The private investment from China into India is focused more on Indian startups in technology and e-commerce. Chinese companies such as Alibaba, Fosun, Baidu and Tencent have invested more than US dollar 5 billion in many Indian startups. Chinese large corporation Alibaba and its associates alone invested about US dollar 2 billion in Indian startups such as Paytm and BigBasket. But there are no reliable figures for investment from China into India because China has also been rooting its investment through third countries like Singapore, Hong Kong and many others especially in sectors such as startups etc which has since been restricted to some extent by the government of India since last year after bringing in necessary FDI regulations in that regard. In fact that policy of India or that policy action by India has also been condemned by China earlier last year. As per informal data more than 100 Chinese companies have established offices operations in India. Many large Chinese state-owned companies in the field of machinery and infrastructure construction have secured huge projects in India and have started project offices in India. These comprise of Sino Steel, Shaw Gang International, Baoshan Iron and Steel Ltd, Sani Heavy Industry Ltd, Shang Quing, Lafen Industry Ltd, China, Dongfang International, Sino Hydro Corporation. Many Chinese electronic IT and hardware manufacturing companies are also having operations in India. These include Huawei Technologies, ZTE, TCL, Hire etc. A large number of Chinese companies are involved in EPC projects in the power sector of India as well. These include Shanghai Electric, Harbin Electric, Dongfang Electric, Shang Yang Electric and many more. In recent years Chinese mobile companies have have accomplished extraordinary and significant growth in India. Xiaomi became largest mobile handset selling company in India. Today Chinese mobile handset companies Xiaomi, Vivo and Oppo Realme occupy nearly 50% of Indian mobile handset market. How many large Indian corporations are there in China? I don't think more than one or two. This is a major imbalance between India and China in the economic context. China expects India to have liberal investment policies whereas investment into China is purely for its exports not for its domestic markets. You can go to China, you set up your manufacturing units and export wherever but it is not meant for domestic consumption. So, it may not be difficult for India to say bye-bye to Chinese companies and investors and India must say bye-bye to Chinese now.