Friday May 25, 2018
Home > News > Economy
Text:| Print|

China, India to boost trade

2013-05-21 15:16 CNTV     Web Editor: yaolan comment

In the last decade, Sino-India trade has grown rapidly. Today China is India's largest trade partner with the balance of trade in favour of China. In the next step both the countries want to increase not just trade but investment.

China and India are looking at increasing their bilateral trade to 100 billion dollars by 2015, but both the nations believe the potential is way more

Premier Li Keqiang's visit to India with an eye on increasing trade has given the hopes of increased trade, a further impetus.

Uday Bhaskar, strategic affairs expert, said, "I think both India and China are economies where there is a fair amount of space for catch up as they call it. So in that extent, both in trade and a destination for investment, India would be a very suitable and appropriate partner for China and the converse is true for India."

Infrastructure is a sector where both the countries have a huge potential.

Shanghai based SUCG infrastructure has been part of India's infrastructure building. After starting its business in India in the year 2006, today it has contracts amounting to one billion dollars.

CCTV reporter Shwera Bajaj said, "I am standing in a tunnel being built by Shanghai based infrastructure company SUCG for Delhi metro. This particular tunnel stretches for over two and half kilometers. But as more and more Chinese companies want to do business in India, the fact remains that they do face a number of hurdles."

Lu Yuanqiang, chairman of SUCG Infrastructure India, said, "The Indian policy is sometimes uncertain and there are fluctuations. Because of such kind of uncertainties and fluctuations for Chinese companies we cannot make any long-term development plan."

For India the biggest issue is trade imbalance with China. For the same, China and India have agreed to make a road map to reach a balance that works for both.


 Premier Li Keqiang's First Overseas Trip

Comments (0)

Copyright ©1999-2011 All rights reserved.
Reproduction in whole or in part without permission is prohibited.