Indian Prime Minister Narendra Modi and Chinese President Xi Jinping are scheduled to meet this weekend in the South Indian town of Mahabalipuram. The site that boasts ancient monuments (which the leaders will visit) also has age-old connections to China, as traders from the Far East arrived here around 2,000 years ago, leaving behind ancient coins, and Indian ships also sailed to China to trade.
Two millennia later, trade between the two emerging global superpowers is still a major affair and will surely be among the topics discussed between the world leaders. Looking at trade numbers, China is the bigger exporter, delivering almost $70 billion worth of goods to India in 2017. India, on the other hand, shipped goods worth approximately $15 billion to China. While Chinese exports to India are dominated by machinery, India’s biggest exports to China are less lucrative materials like minerals and petroleum as well as metals, precious metals and diamonds.