This October President Xi Jinping will be visiting India and will be attending an informal summit which will be held in the coastal town from October 11-13. Naturally, this can be seen as a positive sign of the Indian-Chinese business relationship. The summit can be productive for the progress of the mutual business of both these countries other than that there is scope for the interstate corporation for culture, education, and tourism.
Major Chinese business giants are looking forward to investing in India and considering it as one of the biggest investments in good returns. The mutual prosperity of both these countries can be expected out of China-India meet this October, creating a space for progressive bilateral business co-operation.
Considering both these countries have a lot of faith in the younger generation because the demography of both countries is being populated with young minds and India-China governments are fully aware of their assets. According to People’s Bank of China, “the entrepreneur macroeconomic heat index was at 40.1 per cent, 1.2 percentage points higher than that of the previous quarter, with an year-on-year increase of 6.1 per cent.
The entrepreneur expectation index was at 75.8 percent, up 1.6 percentage points from the previous quarter and 10.4 percentage points from a year earlier.” This combined with the fact that according to The World Economic Outlook Report their analysis also looked approvingly at China, with no cut in economic growth predictions for 2018 and 2019.
Prime minster Modi will meet the Chinese President at least 4 times during the informal summit this could be a chance to achieve more prominent results in trade investment and redefining the border dispute dialogue between both the countries.
“India has the potential to be a bigger economy than us but their democracy is flawed”- A statement by a Chinese Corporate