China hopes India provides friendly business environment to companies: Chinese Ambassador

Record ID: 1435951

  • Title: China hopes India provides friendly business environment to companies: Chinese Ambassador
  • Date: 9th October 2019
  • Summary: TAWANG, ARUNACHAL PRADESH, INDIA (FILE - NOVEMBER 11, 2009) (ORIGINALLY 4:3) (REUTERS) SNOW-CAPPED PEAKS, HILLS, AND VALLEY ALONG THE INDIA-CHINA BORDER BUDDHIST FLAGS NEAR THE BORDER POST INDIA AND CHINA FLAGS ON A SIGNBOARD MORE OF DECORATIVE FLAGS NEAR THE BORDER POST CLOSE OF DECORATIVE FLAGS VIEW OF HILLY AREA
  • Embargoed: 23rd October 2019 06:57
  • Keywords: India China Chinese Ambassador to India India-China trade Indo-China border Sun Weidong Xi Jinping
  • Location: NEW DELHI/ TAWANG, ARUNACHAL PRADESH, INDIA/ WUHAN, CHINA
  • City: NEW DELHI/ TAWANG, ARUNACHAL PRADESH, INDIA/ WUHAN, CHINA
  • Country: India
  • Topics: Diplomacy/Foreign Policy,Government/Politics
  • Reuters ID: LVA002B0DJSJZ
  • Aspect Ratio: 16:9
  • Story Text: EDITORS PLEASE NOTE: THIS EDIT CONTAINS CONVERTED 4:3 MATERIAL
    Chinese Ambassador to India, Sun Wiedong in New Delhi on Tuesday (October 8) said that China hopes that India will provide a fair, friendly, and convenient business environment to companies that are exploring Indian market.
    Bilateral trade between China and India touched $89.71 billion in the year ending March 2018, with the trade deficit widening to $63.05 billion in China's favour, more than a nine-fold increase over the past decade.
    Sun added that both the countries should take more holistic measures, upgrade Nathula border trade port and gradually reduce the trade imbalance between the two countries.
    "The mutual trust and friendship between the two leaders (Chinese President Xi Jinping and Indian Prime Minister Narendra Modi) are being now extended to all the sectors," said Sun about the relations between the two leaders.
    India's Prime Minister Narendra Modi will host Chinese President Xi Jinping for an informal summit later this week.
    The meeting in the southern Indian city of Chennai on October 11-12 is aimed at enhancing the rapport formed by the two leaders when they met in the Chinese city of Wuhan last year to help stabilise ties after a standoff in another contested section of their long border, far removed from Kashmir.
    India and China also lay claim to territories thousands of miles to the east along the Himalayas and fought a brief border in 1962.
    During the upcoming meeting, officials said Modi and Xi will tour the coastal town of Mamallapuram, near Chennai, home to an 8th-century temple.
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