China Signals Openness to Premium Indian Exports Amid Trade Tensions:

Ambassador Xu pointed out that China does not consciously seek an excess of trade, attributing the surpluses to the market system. He emphasized that cooperation is essential for achieving balance.

Increase in Indian Exports:

Indian exports to China were on the rise for the year 2024 fiscal with chili pepper exports increasing by 17%, iron ore by 160%, and cotton yarn by 240%. These statistics denote the increased demand for Indian goods in the Chinese market.

Indian Encouragement:

China has been encouraging Indian traders to take part in trade platforms such as the China International Import Expo and the China South Asia Expo in a bid to expand their reach with the Chinese consumers.

Need for fair business environment:

While China is opening its market, Beijing requests their counterparts in New Delhi to offer an open, transparent and non-favorable approach to Chinese business ventures in India which is aimed to create a win-win situation for both nations.

Business partnerships and investments

Shanghai Highly And Voltas Joint Venture:

The proposed joint venture between China’s Shanghai Highly and India’s Voltas was suspended due to the stringent policies but Shanghai Highly is still willing on pursuing technical partnerships, showing that they are still interested in the Indian market.

Haier's Business Operations in India:

A leading Chinese electronic goods manufacturer, Haier, is planning to divest a controlling stake in its subsidiary in India to domestic investors as a strategic move. This mast is within the scope of Indian regulation and shows the level of devolution in the business structure of Haier.