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China expects $100 bn trade volume with India by 2015
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SME Times News Bureau | 18 Aug, 2012
Despite a fall in the volume of India-China bilateral trade for the first half of the current year, China remained upbeat over trade prospects with India with a Chinese diplomat confident of volume expected to clock USD 100 billion by 2015.
"Our trade with India should become worth USD 100 billon by 2015, with growing investment opportunities in both the countries," Consul General in Kolkata Zhang Lizhong said at an interactive session, organised by MCC Chamber of Commerce and Industry in Kolkata on Friday.
The volume of trade between the two countries was USD 73.9 billion in 2011.
India-China trade volume, however, witnessed a four percent slide for the first half of the current year compared with last year, on the back of overall economic slowdown.
"As on June 30, the bilateral trade with India stood at USD 34 billion, which is 4 percent down," said Zhang.
He said there has been a trade imbalance between the two countries in some sectors.
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Again India is there to save china
Kailash | Wed Aug 22 03:46:51 2012
China was at the brink of economic collapse in 2008 recession but corrupt Indian policy makers saved China by allowing to dump into Indian market all the goods lying in their godowns and to run their factories continuously. China got unaffected from American and European recession by getting bigger market(India market) and therefore China is able to bark at India/ hurt India/disintegrate India without any problem.
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