“Not because of lower wages however. It is because they practice protection...and China hasn’t called foul WTO...because it does too...and they figure better to try and ensnare Indian business leaders in their web...than to knock over the entire can of worms just yet.”
Wrong. India- China trade is growing faster then India -US trade and is expected to hit $20 billion by next year. Thats next only to India-US trade. China is already India’s second largest trading partner. The protective barriers have already been removed.
So? China's SURPLUS alone against the U.S. is approaching $300 billion annually. It's ratio against the U.S. is now SIX-TO-ONE exports to imports.
And as I said, China is hoping to rope India into its orbit. It has not lowered the boom on India yet....but it will. There is no honor among thieves.