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China eager to improve trade relations with India – will China allow Indian software companies sell software services in China?
China is eager to resolve all trade issues with India and promote Chinese-Indian trade as far as possible. While China gains by making Chinese goods and services available in India, China recent law on restricting the foreign software companies selling software in China has been a set back for Indian software companies. The real test of China’s intensions will come from the indication if it will allow Indian software companies to sell software services to Chinese companies.
China however on the surface is upbeat about prospects of far better trade relations with India.
Suggesting measures to improve bilateral trade and investment between China and India, a top official of the China Council for Promotion of International Trade (CCPIT) said a co-operation mechanism should be set up to solve issues that hindered the growth of bilateral trade and co-operation between the two countries.
"Co-operation between India and China in all areas will not only improve both the economies and the people's living standards, but also contribute to world economy," CCPIT Assistant Chairman Wang Jinzhen said addressing a conference on ''China - An India Opportunity'' organised by the industry chamber CII here Friday.
"China is now (after appreciation of China's Yuan) the sixth largest economy and India the 10th biggest and the most populous ones that have a long way to go to develop our economies and thus have a great potential," he added.
He said that a co-operation mechanism should be set up to study the issues and find ways to get rid of them. "Without these problems, we are sure that more co-operation will be carried out on a large scale."
Issues that had been identified were relating to China's market economic status, visas, different standards on Chinese companies, transparent procedure for Chinese companies to buy apartments and land for business purposes, anti dumping, market access, among others.
He said that 95 per cent of commodity prices in China was set by markets without government intervention.
Referring to visas, he said there were still some hassles and the procedures needed to be simplified to enable more Chinese people visit the country.
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