Factbox: Facts, figures about China-India economic ties

Source: Xinhua| 2018-04-27 14:27:05|Editor: pengying
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BEIJING, April 27 (Xinhua) -- Economic ties between China and India have become closer in recent years.

The two economies are highly complementary and have good potential for increased cooperation.

The following are some facts and figures about China-India trade and investment.

-- Bilateral trade reached a record high of 84.4 billion U.S. dollars last year, up 20.3 percent from 2016, the fastest growth for five years.

-- China has become the largest trading partner of India, with imports rising by more than 40 percent in 2017.

-- Bilateral trade in Q1 hit 22.1 billion U.S. dollars, up 15.4 percent year on year.

-- Chinese and Indian businesses signed 101 trade agreements in March, with a total contract value of 2.4 billion U.S. dollars.

-- Chinese investment in India added up to more than 8 billion U.S. dollars by the end of 2017, with India an important destination for infrastructure cooperation and investment.

-- Indian investment in China has grown by an average of 18.5 percent during the past three years.

-- Chinese smartphone brands are popular in India. Xiaomi has a market share of 27 percent and shipped nearly 8.2 million units in Q4 of 2017.

-- China and India are home to over 35 percent of the world's people, and contribute about 20 percent of global GDP.