Beijing: China has said it would take all possible steps to address India's concerns about the widening trade imbalance in its favour and assured a level playing field to Indian companies, including pharma and IT, wanting to exploit the Chinese market.
Noting there is a huge scope to further scale up trade and investment, Deputy Director General of Commerce Ministry Liang Wentao said the bilateral trade volume, which hit a record $73.9 billion last year, was still relatively "small" compared to size of the economy of both countries.
Interacting with the visiting journalists here, Wentao – the point man for trade issues with India -- listed steps to address the problem of trade surplus in China's favour.
He said the Chinese government has already asked its banks and financial institutes to extend funds to Indian companies in China.
"We have told our financial institutes to extend help to Indian companies without any limit," Wentao said, exuding confidence about meeting the annual bilateral trade target of $100 by 2015.
Holding that the Chinese government never favoured any trade surplus in its favour "intentionally", he said the Chinese government has been initiating a number of steps to bridge the gap which include giving Indian companies access to exploit China's annual import market of $1.4 trillion.
Indian has been expressing concerns over the ballooning trade surplus in China's favour, which piled up to $27.07 billion in 2011 even though Indian exports to the neighbouring country went up to $23.4 billion. India has long been pushing for market access to Indian pharmaceutical and IT companies.
Magazine : 
.jpg "Unlocking Potential Redefining Potential & Redefining Excellence")
