India can win big from inevitable $350-550bn exports moving out of China: Credit Suisse
India could potentially be one of the big winners ...
Mr Wilbur Ross, US Commerce Secretary
“We’ve actually prepared a chart about what are the areas where China is the big exporter to us? How does that compare with what India is exporting to us? And what are possible solutions to how do we change that mixture?” Mr said at the India Today ‘India Economic Summit’ event in New Delhi in October. The Credit Suisse report, reviewed by IANS, has said that firms in China plan to move production to Vietnam, India, Taiwan and Mexico.
Mr Ross’ comments and the Credit Suisse report both come as China’s top trade negotiator prepares to lead an upcoming 13th round of talks aimed at resolving the ongoing trade war with the US. Chinese Vice Premier Liu He will travel to Washington for the negotiations and trade talks would take place after China’s National Day holiday which falls on October 7. The Credit Suisse report lists three main themes that inform the $350-550 billion “shift”.
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