China is expected to invite India to join efforts to counter the economic impact of the protectionist and bullying trade practices by the US, reports from Beijing say.
This may be one of the key subjects to be discussed when Chinese President Xi Jinping and Indian Prime Minister Narendra Modi meet on the sidelines of Shanghai Cooperation Organisation (SCO) summit in Bishkek, Kyrgyzstan, this week (June 13-14), said Chinese Vice Foreign Minister Zhang Hanhu.
Earlier, Indian Ambassador to China Vikram Misri confirmed the meeting plan between Xi and Modi.
Trade protectionism and unilateralism are on the rise and India and China face the challenge of offsetting the impact of President Trump’s unfair trade policies.
The two Asian neighbours should resist Trump’s further attempts to bully them, Zhang said, adding that one way to counter the US challenge is to boost bilateral trade between India and China.
As the trade war with the US is intensifying after Washington’s attempts to drive tech giant Huawei out of the American and European markets, China is looking for reliable allies and partners.
Earlier this month, the US excluded India from the Generalised System of Preferences, a decades-old duty-free import deal which allowed the export over $5 billion worth of goods to the US market annually.
The US also forced India to stop buying oil from Iran and Venezuela and asked it to cancel its S-400 air defence system deal with Russia.