India-China trade News

Kejriwal took a dig at the ruling BJP government in regard to India's alleged trade with China He was speaking at a Republic Day function organised by the Delhi govt

The Chamber of Trade and Industry (CTI) in India has submitted a request to the Union Commerce Minister He asked to make it mandatory to label the country of origin on all imported goods and e-commerce products

Chinese suppliers have delivered record products to India amid festival season Chinese LED lights have gained popularity among Indian consumers

Exports of iron and steel amounted to $2.53 billion, marking a Y-o-Y increase of 336.44% and making India the 4th largest exporter of iron and steel to China Exports of aluminum and its articles registered a massive increase of 2023.12% to reach $640 mn and making India the fifth largest exporter in this category to China

The bilateral trade stood at USD 89.71 billion in 2017-18.

According to the article in Global Times, “China can reshape India’s infrastructure landscape”.

The new rules target toys, electronic goods, machinery, food processing, construction and chemicals, sectors dominated by China, and come amid greater scrutiny of mainland firms looking to enter India's multi-billion dollar power transmission and telecoms business.

India is tightening the rules for businesses entering its power transmission sector and making stringent checks on both power and telecoms equipment for malware - moves that government and industry officials say aim to check China`s advance into sensitive sectors.

After years of decline, Indian exports to China rose sharply in the first four months of this year registering a 20 percent increase to USD 5.57 billion, though the trade deficit continued to persist.

India has asked China to address the burgeoning trade imbalance while making a strong pitch for Chinese investments in its micro, small and medium enterprises (MSME) sector, specially in fields like IT, digital, mobile components and automobile ancillaries.

India on Saturday said it is committed to improve trade relation with China as it would be mutually beneficial and help further the 'Make In India' initiative that provides a golden opportunity for Chinese investors.

Practical measures agreed upon during Prime Minister Narendra Modi's visit will greatly reduce the chances of confrontation and enhance mutual trust between China and India, Chinese experts said on Saturday.

Indian Prime Minister Narendra Modi got down to business on the final day of his trip to China on Saturday, saying his country was open for investment as firms signed deals worth more than $22 billion.

In his address to the India-China Business Forum, Modi said that India offers historic opportunity for Chinese industry.

Prime Minister Narendra Modi on Saturday met the CEOs of top Chinese firms, including Alibaba`s Jack Ma here and invited them to participate in the `Make in India` initiative.

India and China will sign several business agreements worth about USD 10 billion at the India- China Business Forum to be addressed by Prime Minister Narendra Modi in Shanghai Saturday.

The trade imbalance has touched USD 38 billion, which is a major concern for India.

Trade deficit between India and China increased about 34 percent to USD 48.43 billion in 2014-15 from USD 36.21 billion in the previous fiscal, Parliament was told Wednesday.

Prime Minister Narendra Modi will meet CEOs of top Chinese firms, including head of e-commerce giant Alibaba Jack Ma.

At present, India's trade deficit with China has widened to USD 37 billion.