India-China trade declines by over 10% to $66.47 bn in 2012

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PTI: Beijing, Jan 20 2013, 20:34 IST
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in 2015.

"China pays close attention to the trade imbalance. We have already encouraged Chinese companies to import more from India and will continue to do so," China's top negotiator with India Dai Bingguo, had said in a recent interview to PTI.

He was confident that USD 100 billion set by both the countries for 2015 would be achieved.

"As neighbours and large emerging countries, China and India enjoy huge potential and broad prospects for economic cooperation. We are confident that, by working together, we will reach the goal of USD 100 billion of two-way trade by 2015," he said.

The two countries held high level strategic dialogue in December last year raising the prospects of increase in trade and investment between both the countries this year.

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Reader's Comments (1)| Post a Comment

Is China serious about balancing trade?

A Patel | 21-Jan-2013Reply | Forward
China plays same game with most of its trading partners. It is not serious to bring balance to trade as long as the gap is in their favor. With US, it has $300B a year gap and it has gone nowhere despite pressures from US.

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