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China eyes Indian market
08
Dec '15
China sees India as a big potential market with an enormous scope of economic cooperation between the two countries, a Chinese diplomat has said.

"India is a big potential market for China. More and more Chinese companies are coming to India," Second Secretary, Chinese Embassy in India Li Rong Rong said while addressing the Cangzhou and India Economic and Trade Cooperation Promotion Conference, according to an agency report.

She said that the visit of Indian Prime Minister Narendra Modi to China and Chinese President Xi Jinpings visit to India, would promote cooperation between the two neighbours.

Rong said China became India’s largest trading partner in 2013, and with India notching up the fastest growth in the world this year, there is a huge potential of cooperation between China and India.

She said Beijing hoped work with Indian side to provide timely and accurate information for business with Cangzhou and thereby enhancing level of cooperation. The diplomat said she was looking forward to businesses from Cangzhou expand their activities in India.

In 2014, the import and export volume between Cangzhou and India stood at $130 million. The business included petrochemical, pipe equipment, ore products, machinery and vehicle parts, among others. (SH)

Fibre2Fashion News Desk – India

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