The Chinese consul general also said that trade between India and China would not be affected despite certain disputes between the two countries.
Bilateral trade between India and China is expected to touch the $60-billion mark by end-this year, a senior Chinese diplomat said today.
"We expect our bilateral (India and China) trade to touch the USD 60-billion mark by December this year," Chinese consul general, Wang Donghua, said here on the sidelines of an exhibition on retail products here.
The Chinese diplomat said there was a decline in trade volume because of the global meltdown but it is expected to rise again with the recovery now in progress.
"Trade had come down because of the downturn in the global economy. In 2008, our bilateral trade stood at $51.47-billion. But it declined to USD 43.3-billion in 2009. We now expect it to rise to USD 60-billion this year," Donghua said.
The Chinese consul general also said that trade between India and China would not be affected despite certain disputes between the two countries.
"There could be some disputes between the two countries (India and China), but I am optimistic that it would not affect trade relations between us," Donghua said.
He said that there was great potential for co-operation between the two countries with respect to trade as both are in a similar stage of development.
"China and India should complement each other as they are in a similar stage of development. Trade relations between us is very healthy and we expect the same co-operation in the future too," Donghua said.
A good trade relationship would benefit both countries in the long-run, he said.
"It will be a win-win situation for both countries especially when the proximity of the two countries is taken into consideration. Trade will benefit both the countries in the long run," he said.
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