Ahead of Modi-Xi meet, China pledges to fix trade imbalance
Private companies from India and China signed more than 120 MoUs for export of various products from India, including sugar, chemicals, fish, plastics, pharmaceuticals and fertilisers ahead of the meeting of Prime Minister Narendra Modi and Chinese President Xi Jinping in Mamallapuram on Friday.
“China is working to bring down its trade surplus with India. In the first eight months of this year, India’s trade deficit went down by 1.6 per cent to $37.9 billion,” Zhu Xiaohong, Counsellor, Embassy of China, pointed out at the India-China Business Meeting & Signing Ceremony organised by FICCI.