New Delhi, February 20: Setting aside the geopolitical tensions uprising amongst the nations in the world, Indian Ambassador to China Vikram Misri met the Chinese President of Development Research Centre of the State Council, Li Wei, discussing issues related to the bilateral trade and policy coordination here on Wednesday, 20th of February.
Propelling an engaging discussion, Misri communicated the developmental modes and trade aspects between the duo. Earlier the Ambassador had greeted the Executive Vice Foreign Minister of China, exchanging views on growth of bilateral exchanges between India and China since last year and the prospects in the coming year.
Growth in bilateral investment has not kept pace with the expansion in trading volumes between the two countries. While both countries have emerged as top investment destinations for the rest of the world, mutual investment flows are yet to catch up.
The rapid expansion of the bilateral trade since the beginning of this century propelled China to emerge as our largest goods trading partner by 2008, a position which China continues to hold today. Since beginning of the current decade, the trade between two countries recorded exponential growth, raising it meanwhile to the robust two digit growth.