why local currency trade with china can not work

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India and China agree for trading on local currency basis. This appears okay but experts opine that this is not feasible.

http://www.firstpost.com/business/china-india-relations-why-rupee-rmb-dollar-trade-wont-work-802105.html

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India and China agree for trading on local currency basis. This appears okay but experts opine that this is not feasible.

http://www.firstpost.com/business/china-india-relations-why-rupee-rmb-dollar-trade-wont-work-802105.html


Besides all the economic reasons given , nothing may actually work long term with China because of the shaky relationships. I dont think that there can be much progress in any kind of bilateral relationships unless older issues get solved !
Can't we avoid the relations with cunning China and improve our relations with Japan? Any relation with China will be suicidal.

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Created Wednesday, 22 May 2013 09:29
Last Updated Tuesday, 30 November -0001 00:00
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