China, India need domestic market wider to each other

Beijing, Nov 24 (IANS) China and India need to open their markets wider to each other as bilateral trade, though on a steep rise over the past decade, is incommensurate to the two economic giants’ market potential, an expert said on Tuesday.

Bilateral trade between China and India grew 23 times between 2000 and 2014, but mutual investment remains relatively small, Xinhua quoted Li Wei, director of the Development Research Centre of the State Council as saying.

In the first nine months, India invested only $592 million in China, while China’s non-financial investment in India were less than $3.5 billion, Li said.

In the face of prolonged global economic recession, closer collaboration between China, “the world’s factory” with an edge in manufacturing and India, “the world’s back office” with an advantage in services, can help the two countries move up the global value chain, Li added.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here