Bilateral trade between India and China is yet to cross $20 billion and now a Chinese official is talking of $100 billion by 2015! Is it an April Fool's joke? Well, most probably not. The sheer size of the economy of these two countries and the impressive economic growth of India and China in the last one decade testify that $100 billion of bilateral trade by 2015 is by all means possible.
Yu Ping, vice chairman of China Council for Promotion of International Trade (CCPIT) said today, "China and India have a history of increasing bilateral trade for the last 10 years and now we are setting a new target of 100 billon that should be achieved by 2015." He has called on India to open its market more so that bilateral trade can increase more. "Besides natural resources, sectors like engineering and construction can also be looked into," he also said.
He is perhaps right because of the fact that there is a lot to be done as far as infrastructure development is concerned in the two countries. If we leave alone some top cities of the two countries the rest of India and China (especially rural areas and small towns), life standard for more millions of people is really miserable.
It really gives me a lot of satisfaction to see that India and China have really put their past enmity aside and totally focused on economic interest.
What do you think?
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