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International News: The trading tension between the world's three major economies - America, China and India - has now reached a new turn. There is an atmosphere of instability in the international trade world due to American protectionist policies and increasing tariffs. In such an environment, China has proposed to unite by extending the hand of friendship towards India.
The Delhi-based Chinese embassy spokesperson called India-China economic relations as beneficial for the two countries and said that the US tariff policy is becoming a major challenge for developing countries. China believes that countries like India and China together should face America's trade policies, so that the interests of developing countries can be protected.
Giving information about its strong economic model, China assured India that partnership could prove to be effective for the development of both countries. The major forces of China's economy are as follows -
During this period, China also described the role of the World Trade Organization (WTO) as very important. He says that with the help of international institutions like WTO, equality and rules in global trade can remain.
China believes that developing countries should increase cooperation among themselves to prevent US policies. This solidarity can not only combat US protectionist policies, but can also give a new direction to the economic progress of developing countries.
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