The trade between Indian and China has been strongly hit due to the economic slowdown that results in a drop of 29% in volume of trade since January, said Mr Peng Gang, Counsellor (Economic and Commercial), Chinese Embassy in India, in Kolkata. However, he expressed the hope that there would be sign of improvement in the second half of the current financial year.
"Trade volumes will start picking up soon as there are signs of revival in the economy following a series of measures being taken by the Government," Mr Gang said while speaking on the sidelines of a meeting on the 2nd South Asian Countries Commodity (SAAC) Fair.
As per his estimation the bilateral trade between Indian and China to grow by 20 per cent to reach $60 billion in 2009-10. Currently, the trade between the two countries stands at about $50 billion.
"Trade volumes will start picking up soon as there are signs of revival in the economy following a series of measures being taken by the Government," Mr Gang said while speaking on the sidelines of a meeting on the 2nd South Asian Countries Commodity (SAAC) Fair.
As per his estimation the bilateral trade between Indian and China to grow by 20 per cent to reach $60 billion in 2009-10. Currently, the trade between the two countries stands at about $50 billion.
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