Years
Shoo Faihong said that the US has been benefiting from free trade for a long time, but is now considering tariff as a weapon of bargaining.
Chinese Ambassador to India Shoo Faihong said the US has imposed a 50% tariff on India and has also threatened to increase it further. He said that China strongly opposed this, and said that silence encourages the bullying and China will stand firmly with India. He further stated that cooperation between India and China is necessary not only for their development, but also for global stability: for two neighboring countries of such large size, unity and cooperation is the only way to achieve shared development. We are double engines of economic development in Asia. The unity of India and China benefits the whole world.
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Why is China opposing American tariffs on India?
Shoo Faihong said that the US has been benefiting from free trade for a long time, but is now considering tariff as a weapon of bargaining. He further said that the US has imposed a tariff of up to 50% on India and threatened to put more tariffs. He also said that remaining silent will encourage the bully and he stressed that China will stand firmly with India.
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More Indian goods will come in the Chinese market
Faihong said that we will welcome more Indian goods to the Chinese market. IT, software and biomedicine have a competitive edge in the fields of India, while China is watching electronic manufacturing, infrastructure manufacturing and faster expansion in new energy. Zoo Faihong on Thursday emphasized the importance of strengthening strategic belief and cooperation between Beijing and New Delhi and emphasized that the two countries are not rival, but partners and should resolve differences through negotiations.
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