#globalisationsimplified

[w-insights]

Electrical Vehicles share of Vehicle Sales by Mode and Scenario in India, China, Europe and Rest of the world, 2030

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[w-insights]

National hydrogen strategies aiming at developing hydrogen technologies and markets

A growing number of countries have released or been working on national hydrogen strategies aiming at developing hydrogen technologies and markets. Such strategies reflect the different ambitions and energy needs of countries as well as the potential division between “importers” and “exporters”.

Comparison of selected countries based on green hydrogen domestic consumption and production potential. GCC means Gulf Cooperation Council (including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates)

Learn more about national hydrogen production strategies here: https://worldref.co/w-insights/everything-you-need-to-know-about-the-role-of-hydrogen-as-the-future-of-fuel/#Private

[w-insights]

Is India a colony of China today when it comes to trade?

This is a provocative question to ask but after taking a look at the trade data it is evident that it’s true.

Indian exports to China are only $17.4 billion worth of iron ore, a few petroleum fuels, organic chemicals, refined copper, fish, shrimp, cotton yarn, and cotton. Indian export raw cotton and cotton yarn are converted by China into textiles. Interestingly, China accounted for more than 50% of global textile output in 2019.

Whereas, Indian imports from China are $72.6 billion worth of computers, phones, video equipment, semiconductor devices, electronic circuits, transistors, heterocyclic compounds (used in drug making, pharma, dyes, and chemicals both natural and synthetic), fertilizers, TV cameras, automobile parts, and capital project equipment. which brings the Indian trade deficit with China to a whopping $55.2 billion (OEC 2019). On average, over the last 6 years, India’s average yearly trade deficit with China stands at $57 billion.

[w-insights]

In spite of a big trade deficit with China, the US is able to match China qualitatively

In 2019, the United States exported $103B to China. The main products exported were Integrated Circuits ($8.47B), Soybeans ($7.87B), and Cars ($7.34B).

In 2019, China exported $429B to the United States. The main products were Broadcasting Equipment ($50.5B), Computers ($41.6B), and Office Machine Parts ($15B).

China enjoys a hefty trade surplus of over $326 billion. In quantitative terms, it is massive. However qualitatively, the US is able to match China. Therefore, this relationship cannot be termed colonial because China is not importing raw materials from the United States. It is importing cars, integrated circuits, and other value-added products. Similarly, China is exporting broadcasting equipment, computers, and other manufactured goods to the US.

Read More: https://worldref.co/w-insights/has-china-become-a-neo-colonial-power-when-it-comes-to-trade/