India's trade deficit with China is expected to widen further, even as exports to the neighbouring country have shown sharp but volatile spikes this year, according to a study by the Global Trade Research Initiative (GTRI).
After the end of China's zero-COVID policy in December 2022, there were hopes for economic recovery in China. Households' deteriorating confidence coupled with the unresolved difficulties in the housing sector, however, weighed on the country's growth rebound.
New Delhi [India], August 18 (ANI): India has the potential to reduce imports from China by around 40 per cent in the coming years, according to an analysis conducted by industry body PHD Chamber of Commerce and Industry.
Beijing [China], February 19 (ANI): China's offer of duty-free quota access to Nepal is not helping Kathmandu's economy, said a media report on Saturday.
Jakarta [Indonesia], January 3 (ANI): Indonesia, Southeast Asia's largest economy will ratify its membership of the Regional Comprehensive Economic Partnership (RCEP) after seeking parliamentary approval.
New Delhi [India], Sep 12 (ANI): BJP Working president JP Nadda met Chinese ambassador to India, Sun Weidong, at the Party office here on Thursday and urged Beijing to open its economy for Indian companies to manage the trade deficit between the two companies.