‘China agrees to tackle India’s trade deficit’

14 October, 2019 12:00 AM printer

MAMALLAPURAM: Chinese President Xi Jinping and Indian Prime Minister Narendra Modi agreed at a summit on Saturday to set up a high-level group to tackle India’s galloping trade deficit with the world’s second-biggest economy, Reuters reported.

Xi and Modi held nearly six hours of talks in an Indian seaside town in their second annual summit designed to break through decades of distrust over border disputes and trade rows, report agencies.

China, embroiled in a bruising trade war with the United States, was quite appreciative of the imbalance in its own trade with India and willing to address it.


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