TopCat
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Yeah I have been hearing the same sh!t for last couple of years, the fact is BD-China trade deficit is increasing day by day and China use BD to dump their cheap goods.
Its not China's fault. Is it? They gave unilateral trade concession to more than 5000 BD products without even asking which covers 85% of our export. They again this year unilaterally declared for up to 97% BD products to get trade concession soon. Besides they never imposed non tariff and para tariff barrier. They never imposed anti dumping duty on any BD products. They never made any BD products to go through some bullcrap testing procedure. They even dont have any hidden state level taxes. Now its to BD industries how they going for Chinese market. Last year we had 79% increase of export to China, this year its going over 30% sor far after the trade concession.
We will never have a trade surplus with China as we import a lot of products for re export from them. Still we are looking for a big market there for our goods. Same goes for India.