Trade deficit with India unsustainable, needs to be addressed: China

Suresh Prabhu said the trade deficit issue remained among the foremost of problems in expanding economic relations

The Chinese government has agreed that a massive imbalance in its trade with India is “unsustainable” for long-term trade growth and needs to be addressed.

On Monday, the sentiment was shared by a Chinese delegation led by Commerce Minister Zhong Shan, senior sources in the know said. The minister, stated the commerce and industry ministry after the meeting, “welcomed Indian investment in China and promised to address the trade deficit”. 

The bilateral engagement, under the aegis of the India-China Joint Group on Economic Relations, Trade, Science and Technology, was used by Delhi to push hard on the subject. And, to get less