‘A reset and contemporary begin’: India–China bilateral commerce hits document $155 billion – The Occasions of India – Company Technique & Outlook

Commerce ties between India and China achieved a brand new feat in 2025, scaling a document excessive bilateral commerce of $155 billion. This displays a year-on-year progress of greater than 12%, in response to Chinese language ambassador Xu Feihong. Addressing a gathering to rejoice the Chinese language New 12 months, Xu stated that Beijing is in assist for India’s BRICS presidency and is prepared to boost multilateral coordination with New Delhi. Moreover, China can also be dedicated in direction of working with India to advance the broader improvement agenda of the World South, he stated on Tuesday, as cited by PTI. The ambassador pointed to final August’s “profitable” assembly between PM Modi and Chinese language President Xi Jinping in Tianjin as a key second in bettering ties. He stated that the interplay helped transfer the connection ahead, together with within the space of people-to-people exchanges. “Final August, President Xi Jinping and Prime Minister Narendra Modi held a profitable assembly in Tianjin, which led China-India relations from ‘a reset and contemporary begin’ to a brand new degree of enchancment,” Xu stated. He identified that interactions between the 2 nations at varied ranges have grow to be extra frequent. On the similar time, financial and commerce cooperation has additionally expanded considerably. “In 2025, bilateral commerce between China and India reached a document excessive of $155.6 billion, registering a year-on-year progress of over 12%,” he stated. Xu additional highlighted the expansion in India’s exports to China, which rose by 9.7% in the course of the yr, saying this underlined the sturdy potential for additional financial cooperation. Touching upon improvement priorities, the envoy stated that China’s push for self-reliance aligns with India’s Atmanirbhar Bharat initiative. He additionally drew a comparability between the 2 nations’ international outlooks. “On the international degree, China’s imaginative and prescient of a ‘world of nice concord’ echoes Indian’s pursuit of Vasudhaiva Kutumbakam (the world is one household),” he stated. “We stand able to work with India to attract knowledge from our conventional cultures, uphold the vital consensus that China and India are one another’s cooperation companions,” Xu stated, stressing the significance of aligning improvement methods to increase mutual advantages and obtain win-win outcomes. Relations between the 2 nations have been bettering in current months, following efforts to revive ties that had been severely strained after the June 2020 Galwan Valley clashes between Indian and Chinese language troops. The extended navy stand-off got here to an efficient finish in October 2024.