A delegation of the Punjab, Haryana, and Delhi Chambers of Commerce and Industry (PHDCCI) is on a visit to Shanghai and East China’s Jiangsu Province from March 29 to April 4, marking the first such visit in more than five years, Indian news agency PTI reported on Tuesday, covered by Global Times.
The visit aims to build connections and bridges for Indian businesses with their industry counterparts in Eastern China. A business roundtable was held on Tuesday between the PHDCCI delegation and leading companies and financial institutions from China, according to a Tuesday post by the Indian Consulate General in Shanghai on X.
Global Times noted that In the field of technology, “China has achieved progress in cutting-edge areas such as 5G communication, artificial intelligence and new energy, while India has strengths in software programming, information technology services and other fields. The two sides can fully complement each other’s advantages and jointly promote technological innovation and industrial upgrading.”
Global Times reports that China-India relations are experiencing a “steady recovery of bilateral relations,” and that “trade has risen remarkably.” Reuters further notes that India recently “approved eased restrictions on Chinese investments in select sectors, while trade jumped 22.5 percent year-on-year,” according to data from the Chinese customs.
