China has expressed its willingness to import more Indian products in an effort to address the long-standing trade imbalance between the two countries, Beijing’s Ambassador to India, Xu Feihong, stated ahead of an expected U.S. tariff announcement that could impact both Asian nations.
“We are willing to work with the Indian side to strengthen practical cooperation in trade and other areas, and to import more Indian products that are well-suited to the Chinese market,” Xu was quoted as saying by China’s state-run Global Times in a report released on Monday.
Bilateral trade between China and India reached $101.7 billion in the fiscal year 2023-24, according to India’s Ministry of Commerce and Industry. However, India faces a significant trade deficit, as its exports to China stood at $16.6 billion, consisting mainly of petroleum oil, iron ore, marine products, and vegetable oil.
The ambassador’s remarks coincide with the 75th anniversary of diplomatic relations between the two nations. In a message marking the occasion, Chinese President Xi Jinping underscored the importance of enhancing communication and cooperation between the two most populous countries in the world. According to China Central Television, Xi stated that being partners is the “right choice” for both nations and expressed a desire to deepen coordination on global issues while ensuring stability in their border regions.
Meanwhile, the global trade landscape faces potential disruption as U.S. President Donald Trump prepares to announce new reciprocal tariffs targeting multiple countries, including China and India. Trump has repeatedly criticized both nations for what he perceives as unfair trade practices.
Indian Prime Minister Narendra Modi, who has sought closer ties with the U.S., praised Trump in a podcast earlier this year and has taken steps to address Washington’s trade concerns. However, Modi has also been working to normalize relations with China. Notably, he and President Xi met on the sidelines of the BRICS summit last year, leading to a resumption of direct flights between the two nations, signaling a thaw in relations.
Diplomatic ties between China and India suffered a severe setback following deadly border clashes in 2020. In response, India imposed restrictions on Chinese investments and curtailed access for Chinese technology firms in its vast consumer market. The recent statements from Chinese officials suggest a renewed effort to improve economic ties despite lingering political tensions.
