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'Indian companies are welcome in China, ready to reduce trade deficit too', China's tone changed after Trump's setback
China now wants good and strong relations with India. Trump's tariff setback has broken China's back. The Chinese ambassador said that China is ready to welcome PM Modi. Indian companies can come to the Chinese market. They can also take advantage of this big market. But our companies should also be given a proper environment in India.
The India-China trade deficit has gone up to nearly $100 billion. India is attempting to bring it down. In the meantime, China, worried about Donald Trump's tariffs, has made a significant proposal to India. China is now willing to bring the trade deficit with India down. China has made it clear that it wants to cooperate with India.
In his first interview with the Times of India, Chinese ambassador Xu Feihong said that China wants strong relations with India. We are also ready to reduce India's trade deficit. Indian exports will be promoted in China. He also hoped that Chinese companies would be given a fair environment in India as well. Xu Feihong said that premium Indian products are welcome in the Chinese market.
The Chinese ambassador further said that economic and trade relations between the two countries would be beneficial. On the trade deficit, he said that China has never deliberately increased the trade surplus. This happens due to market trends and changing economic conditions. But we are ready to reduce the trade deficit with India.
