The bilateral trade between India and China which stood at $52.14 billion from January-September 2016 is expected to be over $65 billion by the year-end. Wang Shicai, the Commercial Counsellor at the Chinese Consulate said that bilateral trade between Asian giants India and China will touch $65 billion for the year ending December 2016 and focus by China will be in financial, infrastructure, electronics and Information Technology sectors.
The Chinese diplomat said that mutual cooperation between the two countries has resulted in a win-win situation for both and would help increase profitability in the coming years. Co-chairman of CII Task Force on Ease of Doing Business and CMD Chemtrols Industries K. Nandakumar said that India is at the same position where China was 10 years ago and hence there is a huge potential here considering its present demographics.
China Homelife and China Machinex 2016 in association with their National Partners CII (Confederation of Indian Industry) organised a three days exhibition. More than 1,000 of the top most Chinese suppliers will be part of China Machinex, where they will display over 20,000 products during the three day event. China Machinex is a global series of China products show annually held across nine counties - Brazil, Turkey, South Africa, Poland, Egypt, Kazakhstan, Jordan,UAE and India.