China: Settlement Process of Boundary Issue Should Not Affect Trade Relations with India
Beijing has emphasized that the “settlement process” of the border issue between China and India should not hinder the normal development of their bilateral relations, including trade ties. Chinese Foreign Ministry spokesperson Mao Ning made this statement in response to an Indian official’s remark at the World Economic Forum that India’s investment rules for China could change once the border situation stabilizes.
Mao reiterated China’s position on India-China ties, stating that the overall situation along the China-India border has remained stable. Since May 2020, the relationship between the two countries has been at a standstill due to China’s deployment of tens of thousands of soldiers in full military preparation mode along the Line of Actual Control in Ladakh, violating bilateral agreements. The tensions escalated further with a deadly clash at Galwan Valley in June 2020.
India has been demanding that China withdraw all additional troops deployed in Eastern Ladakh since May 2020, while China argues that the issue should not impede bilateral ties. Mao highlighted that the two-way trade volume between China and India has consistently exceeded USD 100 billion in recent years, demonstrating the resilience and potential of economic cooperation. China hopes that India will recognize the mutually beneficial nature of their economic and trade relations and provide a fair and non-discriminatory business environment for Chinese companies investing and operating in India.
According to the latest annual trade data from Chinese Customs, India-China trade reached a record high of USD 136.2 billion in 2023. Both countries continue to engage in efforts to resolve the border dispute while maintaining their economic ties.
The situation along the India border has remained stable, according to China. Both countries have been engaged in discussions to ease tensions and maintain peace in the region. Despite occasional disagreements, both sides have committed to resolving any disputes through diplomatic channels. The stability along the border is crucial for maintaining regional security and fostering bilateral relations between India and China.
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