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Ambassadors

China's Ambassador to India Calls for Fair Business Environment, Condems US Tariffs

Strategic Insights

— 1 min read

Chinese ambassador to India Xu Feihong expressed concern over what he described as "unilateralism and bullying" leading to a new era of "turbulence and transformation". He stated that China is eager to welcome more Indian companies to invest in China, while also urging India to provide a "fair, just, and non-discriminatory" business environment for Chinese enterprises. Xu's comments follow the recent meeting between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi in Tianjin.

Key Takeaways:

  • China is willing to welcome more Indian companies to invest in China, amidst concerns over "unilateralism and bullying".
  • Xu Feihong called on India to provide a "fair, just, and non-discriminatory" business environment for Chinese enterprises.
  • The Chinese ambassador criticized US tariffs on India as "unfair and unreasonable", stating that the US has long benefited from free trade but is now "weaponising tariff".
  • China and India have close economic and trade relations, with bilateral trade in goods reaching $88 billion in the first seven months of this year, up 10.5% year-on-year.
  • Xu reiterated the "consensus" reached in special representative (SR) talks on complicated boundary issues, including the establishment of an expert group for an "early harvest package" under the Working Mechanism for Consultation and Coordination on India-China Border Affairs (WMCC).
  • China and India, as important members of the Global South, should work together to uphold international fairness and justice and promote global peace and prosperity.

Statistics:

  • Bilateral trade in goods between China and India reached $88 billion in the first seven months of this year, with a year-on-year increase of 10.5%.
  • Xu mentioned that China stands ready to strengthen the synergy of development strategies and share experience in modernization with India.
  • Sino-Indian ties were not impacted by the third country, as both nations are victims of terrorism and need to work together to combat the threat.

Sources:

  • TIMES NEWS NETWORK
  • Chinese ambassador to India Xu Feihong
  • "Xi-Modi meeting last week in Tianjin"

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