Big drop in trade deficit with China? Only if Hong Kong is not counted

Similarly, while its exports to China rose 31% up to January, its despatches to Hong Kong declined nearly 14%. This upset India’s trade equlibrium with Hong Kong —from a surplus of $4 billion in FY18 to a deficit of $4.7 billion (up to January) in FY19.

from The Financial ExpressEconomy – The Financial Express http://bit.ly/2UL1SlB