Indo-China trade to surpass $ 60 bn before 2010
Indo-China trade would surpass $ 60 billion well before the target year 2010, consulate general of People's Republic of China in Kolkata Mao Siwei said on Friday.
By PTI |
KOLKATA: Indo-China trade would surpass $ 60 billion well before the target year 2010, consulate general of People's Republic of China in Kolkata Mao Siwei said on Friday.
Speaking at the Indian Chamber of Commerce on `India-China Economic Partnership: Role in Globalised World' here, Siwei said in the first four months of the current year, the bilateral trade had already touched $ 18.8 billion.
At this growth rate, trade would be well in the region of $ 56 billion for the whole year, he said.
The revised target for the trade between India and China has been set at $ 60 billion.
Siwei said that China was becoming the biggest trade partner of India.
Comparing the relative advantages of the two countries, he said that while India was stronger in services, software and financial services, China was so in the fields of hardware and manufacturing.
According to him, both the countries could harness the respective advantages and become an economic superpower.
Siwei said that several Chinese companies were showing interest in coming to India, particularly to West Bengal.
Speaking at the Indian Chamber of Commerce on `India-China Economic Partnership: Role in Globalised World' here, Siwei said in the first four months of the current year, the bilateral trade had already touched $ 18.8 billion.
At this growth rate, trade would be well in the region of $ 56 billion for the whole year, he said.
The revised target for the trade between India and China has been set at $ 60 billion.
Siwei said that China was becoming the biggest trade partner of India.
Comparing the relative advantages of the two countries, he said that while India was stronger in services, software and financial services, China was so in the fields of hardware and manufacturing.
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According to him, both the countries could harness the respective advantages and become an economic superpower.
Siwei said that several Chinese companies were showing interest in coming to India, particularly to West Bengal.
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