Jinping stands against protectionism at World Economic Forum
The Dollar Business Bureau While delivering a speech at the World Economic Forum in Davos, Chinese President Xi Jinping expressed discontent over protectionism followed by other economies and highlighted China’s intention to have a greater global role amidst US trying to become a closed economy. Jinping also took note of “America first” policies of Donald Trump and said that it is necessary for countries to have free trade and they should not be plainly abided by national interests. It was in the backdrop of Trump’s remarks on China during his election campaign that Jinping took to expressing his concerns about the trade scenario with respect to the US. The President-elect had said that China needed to be dealt with more strictly on matters related to trade ...
China pitches for mutual investments to fill trade gap with India
The Dollar Business Bureau Addressing the trade gap with India, China on Thursday, called for combining 'Make in India' initiative with its 'Made in China' to step up investments. "We should try to combine 'Make in India' and 'Made in China' strategy together. The key word in India-China relationship is development, which is a major factor of our cooperation," said Huang Xilian, Deputy Director General of the Asian Affairs, Department of the Foreign Ministry. He further informed that efforts are also underway to solve the concerns of $47 billion trade deficit between India and China. According to the official, China is looking at promoting mutual investments and as a process, has also agreed to set up two industrial parks and encouraging more ...
Offer mooted to align 'Made in China' with 'Make in India'
The Dollar Business Bureau China has offered to align its ‘Made in China’ campaign align with Prime minister Narendra Modi’s ‘Make in India’ to initiate and facilitate the capital inflow from China to India. China has also demanded a ‘red carpet’ for its investors instead ‘red tape’. “New strategy Made in China 2025 features innovation and high end manufacturing. It can be aligned with PM's Make in India plan,” said Le Yucheng, Chinese Ambassador to India. Talking to the Indian media before the arrival of first set of Indian pilgrims to travel to Manasarovar in Tibet via the newly opened Nathu la Pass in Sikkim on June 21, Le said that Chinese investment in India accounted only for a few hundred million ...
