Business Daily from THE HINDU group of publications
Monday, Jan 14, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Monday, Jan 14, 2008 ePaper | Mobile/PDA Version |
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Foreign Relations Industry & Economy - Foreign Trade India has no option but to engage China, says Manmohan Pallavi Aiyar Beijing, Jan 13 The Prime Minister, Dr Manmohan Singh, has said that India needs to offer the Chinese, products of value, so as to make them stakeholders in India’s development. “India has no option but to engage China and give China a stake in India,” Dr Singh told captains of Indian industry here on Sunday. “While the trade deficit is a source of worry, we must think long-term and engage more with China.” The meeting was held a day ahead of a speech that Dr Singh will give at a business meeting organised by the China Council for the Promotion of International Trade on Monday. The Prime Minister is expected to use this speech to spell out his vision of the future of the Sino-Indian economic engagement. He called the growth of India and China, “an international public good,” and said that “at a time when the world is worrying about global recession, sustained growth in India and China can help the world economy.” The Indian business delegation raised several issues that it asked the Prime Minister to take up with the Chinese side. These included concerns over what the members described as China’s “predatory pricing” policies, the use of hidden subsidies and the continuous and unpredictable changes in the country’s regulatory environment. Dr Singh said his message was that working with China was “a historic necessity. We will compete and we will cooperate because there is enough space in the world for both of us.” India-China trade tops $11.4 b in first 4 months `India-China bilateral trade on course to top $40 b' India, China to sign MoUs in rail, housing, other sectors More Stories on : Foreign Relations | Foreign Trade
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