The bilateral trade between India and China is set to pass 10 billion US dollars this year.

China may replace Japan as India's number one trade partner in northeast Asia.

A Chinese official says at present, Sino-Indian trade is in favor of India at 1.7 billion US dollars.

The Chinese Government believes this imbalance will correct itself in the next few years.

Sino-Indian trade volume reached 6.7 billion US dollars in the first six months of the year, an increase of more than 90 per cent over the same period last year.

(CRI.com August 5, 2004)