India's trade deficit with China mounts to $9 bn in Jan-Apr

Jun 08 2014, 21:59 IST
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Indian External Affairs minister, Sushma Swaraj, right, shakes hands with his Chinese counterpart, Wang Yi, before a meeting in New Delhi. (AP) Indian External Affairs minister, Sushma Swaraj, right, shakes hands with his Chinese counterpart, Wang Yi, before a meeting in New Delhi. (AP)
SummaryChina's trade with South Asian nations including India has touched a whopping USD 100 billion...

to import more clothes, handicrafts and leather products from Bangladesh.

She hoped Chinese investors would focus more on high value-added goods in fields of medicine, ship-building and communication, the Xinhua report said.

Sri Lanka wants collaboration in rubber, mineral and fish, and more investment in the country to eschew the deficit.

For its part China has promised to step up investments in almost all the South Asian countries.

In his talks with Hasina, Chinese Vice Premier Wang Yang said China is ready to work with Bangladesh to push the building of the 21st century maritime Silk Road and the construction of the Bangladesh-China-India-Myanmar economic corridor.

He said China will encourage Chinese companies to invest in Bangladesh and expand imports from Bangladesh, in order to improve the trade imbalance.

Wang told Nepal Prime Minister Sushil Koirala that China will encourage enterprises to invest in bilateral projects in road, hydropower, tourism and herbal medicine.

China also assured Maldives that it is willing to help the country to boost tourism, encourage investment in Maldives's tourism infrastructure, and enhance bilateral cooperation in port, airport, fishing and in coping with climate change.

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