China promises to address India's concern over ballooning trade deficit
BEIJING: China on Monday promised to address India's growing concerns over the ballooning trade deficit and suggested expanding cooperation in areas like industrial production, tourism and border trade to achieve "overall balance" in bilateral commercial relations.
India has repeatedly voiced concern over the trade imbalance which last year crossed a whopping $57.86 billion over $95.5 billion total bilateral trade. The trade deficit in 2018, according to the official Chinese data, climbed to $57.86 billion from $51.72 billion in 2017.
Abhinav•3 days ago
My mobile is chinese
Abhinav•3 days ago
It is actually concerning that we cannot compete with chinese goods in our homeland
3 days ago
Avoid Chinese product which can possible. Shopkeepers are selling Chinese product due to more profit. But they not understand that by this we are losing employment of our country. So many items are available from made in India but shopkeeper are not selling. In some cases they are replacing Chinese lable also and uneducated people can't understand they matter only price.
Radiance•Mumbai•4 days ago
... in actions, not in lip service. China does not have history of living upto its lip services, and no one knows it better than President Donald Trump. So again ... actions on reduction of bilateral trade deficit. And this will have to go with current trade tensions
Alok•4 days ago
ban some Chinese items to balance the trade gap...
Prashant•4 days ago •Follow
Trade deficit with China is a cancer which will destroy local Manufacturing, small scale industries, lestn from America and Trump, Take steps to reduce nonessential imports from China, Increase customs, Pressurize Companies to make in India, Reduce dependence on China.
Praveen•4 days ago
It is not the Govt?? it is the Indian businessmen and consumers who do not give a hoot.They will sell their national pride for a meagre profit
Successive governments ignored this till now. As time progress our trade defeceit increases proportionally..... No one really cares..... Wat the heck is government doing
•2 days ago
Who is a wise man. chinky or chinkana?