With US imposing tariff on Chinese good and counter balance the Chinese trade the shift of next biggest market for China is obviously the neighboring Asian market and the biggest of them is India which has the potential to absorb the trading potential of Chinese next generation innovations and other business opportunities. India is house of billion of trade worth of Chinese goods , today meeting between two great leaders of the great country needs to work on the trade opportunities lay ahead.
Prime Minister Narendra Modi’s first ever informal meet with Chinese President Xi Jinping’s is underway at Wuhan’s Hubei Provincial Museum. Both the leaders will be engaged in talks on a wide range of Business and trade macro issues to facilitate trade between two greatest market of the world.
Chinese news agency Xinhua in a report said that India-originated Yoga and Indian films have gained large popularity across China.
While the impact of the informal summit meeting is more likely to be visible in the long term, it certainly reflects the desire of the two leaders to reset the ties between India and China to a new level of warmth and cooperation.
For the two big countries with a total population of over 2.6 billion, there is huge potential to be tapped in various areas. Meanwhile, the Chinese ministry of commerce yesterday announced that India’s trade with China had gone up by more than 22 percent in the first quarter of 2018.
It has said by the end of 2017, Chinese investments into India added up to more than 8 billion US dollar. as India has become an important market for infrastructure cooperation among Chinese companies and a major investment destination.