Amid the temperature of the American tariff, China opens the door to more distinguished Indian exports, says the Chinese envoy

Amid the high trade tensions between the United States and China, Beijing appears to heat the deeper economic relations with India. The Chinese Ambassador of India, Shaw Hong, said that China welcomes more Indian exports and is ready to support Indian companies in benefiting from its vast consumer market.

Speaking to the Times of India in an exclusive interview, Vaiong said, “The essence of economic and commercial relations in China and India is the mutual benefit and mutual cooperation of both sides. China has never followed a commercial surplus. Commercial surpluses reflect the competency that depends on the market and develops with changing economic conditions.”

The envoy highlighted that China offers great investment capabilities, noting the recent speech of President Xi Jinping to international business leaders. He said: “China offers great potential for investment and consumption with the second largest market for consumers and the largest group of medium -income people. The evaluation of the China Ultra -Smile Market will open greater trade opportunities for Indian companies.”

In FY2024, Indian exports such as hot pepper, iron ore and cotton spinning have seen remarkable growth in the Chinese market – exceeding 17 %, 160 % and 240 %, respectively. “We welcome more export of excellent Indian goods to China and stand ready to help Indian companies benefit from the demand for the market in China, and increase the enlargement of the enormous capabilities of economic and trade cooperation,” he said.

However, New Delhi urged to address China’s concerns about reaching markets. “We hope that India will take China’s concerns in the economic and commercial field seriously, and provide a fair, transparent and non-discriminatory business environment for Chinese institutions, and raise economic and commercial cooperation in India to new horizons, and provide concrete benefits to the members of both countries,” he added.

This awareness comes despite the constant friction of the $ 99.2 billion trade deficit that India is facing with China, and the remaining political tensions since the border confrontation of 2020. However, with the United States doubled on customs tariffs, Beijing’s renewed focus on India indicates a possible transformation in its economic strategy – demanding the diversification of commercial partnerships and reducing dependence on the increasing Western markets.