The statement came a day after Chinese commerce minister Wang Wentao met commerce and industry minister Piyush Goyal to discuss India-China trade and economic ties.
“Met with Mr. Wang Wentao, Minister of Commerce of the People’s Republic of China, and discussed India-China trade and economic ties,” Goyal said in a social media post Sunday.
The spokesperson of the Chinese embassy in India said China was ready to work with India to implement the consensus reached by the leaders of the two countries.
Prime Minister Narendra Modi and Chinese President Xi Jinping met on September 2 during the BRICS summit, when Xi said India and China should view each other as partners rather than rivals, and development opportunities rather than threats, as the two countries seek to place bilateral ties on a steadier footing.
He called for an “objective and rational strategic perception” of the relationship, saying both sides should draw on each other’s strengths, support each other and pursue common development.
“India is an important neighbour of China. China stands ready to work with India to implement the important consensus reached by the leaders of the two countries, expand mutually beneficial cooperation in the economic and trade fields, properly address each other’s economic and trade concerns in a balanced manner, and better benefit enterprises and people of both countries,” Yu Jing, spokesperson of the Chinese embassy in India, said in a social media post Monday.
India’s goods exports to China in April-July FY27 were $7.8 billion, while imports were $52.7 billion. India imported around $131.6 billion worth of goods from China in FY26, compared with exports of $19.5 billion, leaving a trade deficit of over $112 billion.