'Make in India' and 'Made in China' coming together?
Advertisement
Advertisement
To increase investments and address India’s concerns over $47 billion "We are making every effort to fundamentally solve the issue. We need to find a new channel, new methodology to break the bottle neck," PTI reported, quoting
China is working to address the issue by promoting mutual investments to balance the trade. "We have agreed two industrial parks and encouraging more Chinese investments in India to promote exports to China," he said.
"We are ready to buy. This is next five years we are experted to import commodities from $10 trillion. We hope we could import as much as possible from India," Huang said.
He further said both the countries should try to combine 'Make in India' and 'Made in China' strategy together. The key word in India-China relationship should be development.
Advertisement
India's trade deficit with China averaged around $47 billion in last year's trade of over $70 billion.
Huang said China has sent delegation to India to discuss measures to increase imports.
China is importing films from India, he said, referring to recent success of
(Image: Reuters)
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore