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LEHMAN, LEE & XU China Lawyers
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China Capital Markets law In The News
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May 2013
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The China Law News keeps you on top of business, economic and political events in the China. |
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In the News |
China expects cooperation with more Indian companies: premier |
The people of China are reaching out to the world, old friends, allies, and even rivals and potential adversaries. One rival and potential adversary is India. But business and influence are two driving forces and no one knows that more than the new government in Beijing. China welcomes more Indian enterprises to cooperate with their Chinese counterparts to achieve mutually beneficial and win-win results, visiting Chinese premier Li Keqiang said Tuesday.
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Chinese PM vows to open up markets to India |
India and China seem now to be determined not to let old differences to get between them. Why should they let old wars and border disputes get in the way of doing what is most important; making money! So economic cooperation is their new watch word and trading is their new icon. NEW DELHI, May 21 – Visiting Chinese Premier Li Keqiang pledged on Tuesday to open up domestic markets to Indian businesses and narrow a gaping trade deficit between the two countries. “As for Indian concerns over the trade deficit, the Chinese side is willing to provide facilitations for more Indian products to access the Chinese market,” Li said during a speech to Indian business leaders in New Delhi. “I am confident we have the ability to mitigate the trade imbalance between our two countries,” he added. China is India’s largest trading partner, with two-way commerce totaling $66.5 billion last year. But trade is skewed significantly in China’s favor with the deficit totaling $29 billion in 2012, according to Chinese figures. Li said China understood that balanced trade was crucial to good relations between the world’s two most populous countries. “China never has the intention to pursue a trade surplus. Only a dynamic trade balance is a sustainable trade relation,” said the premier who is in India on his first foreign visit since taking office. During his speech, Li reiterated China’s desire to build up trust with India after both sides agreed on Monday to work towards resolving a long-running border dispute in the Himalayas. “A peaceful and stable South Asia is consistent with China’s development interests and will enable China to focus on addressing problems at home,” he said. http://www.capitalfm.co.ke/news/2013/05/chinese-pm-vows-to-open-up-markets-to-india/
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