(IndustryWeek – AFP)
Visiting Premier Li Keqiang promised Tuesday to open China’s vast domestic market wider to India and forge a “dynamic trade balance” to deepen economic ties and ease tensions between the Asian giants.
The trade push, which the countries say will supply “new engines” to lift the stumbling global economy, came amid efforts by the nuclear-armed powers to put a military dispute along their contested Himalayan border behind them.
“We have the ability to mitigate the trade imbalance between our two countries,” Li told business leaders in New Delhi, responding to Indian worries over trade that is heavily skewed in China’s favor. “The Chinese side is willing to provide facilitation for more Indian products to access the Chinese market,” added Li, who chose to make India his first foreign stop after taking office two months ago. Read more here.
Date: May 22, 2013