India-China trade to touch $100 billion by 2015
18 Aug 2012
Despite a volume fall in India-China bilateral trade in the first half of the current year, China remained upbeat over trade outlook with India and a Chinese diplomat expressed confidence in a pick-up in volume hitting $100 billion by 2015.
China's consul general in Kolkata, Zhang Lizhong, said at an interactive session organised by MCC Chamber of Commerce and Industry in Kolkata yesterday that China's trade with India should become worth $100 billon by 2015, with growing investment opportunities in both the countries.
The volume of trade between the Asian giants was $73.9 billion in 2011.
India-China trade volume, however, fell 4 per cent in the first half of the current year compared to last year, on the back of a general economic slowdown.
"As of 30 June, bilateral trade with India stood at $34 billion, which is 4 per cent down," said Zhang.
He added that there had been a trade imbalance between the two countries in certain sectors.
