China Invites Indian Investments Amid Tensions

Chinese ambassador Xu Feihong has extended an invitation for more Indian firms to enter China's market, emphasizing the need for a favorable business environment for Chinese companies in India. His comments come amidst ongoing border tensions in eastern Ladakh, where India insists that normal relations depend on peace in the region. Xu called for dialogue to manage differences and facilitate cooperation across various sectors, urging India to resume direct flights and ease visa processes for Chinese citizens. He indicated that China is willing to foster deeper economic ties, despite increased scrutiny of Chinese investments in India following a deadly clash in 2020. The ambassador also noted that bilateral trade reached 136.2 billion USD last year, with China being India's largest trading partner. Overall, Xu's remarks highlight a desire for collaboration despite existing challenges in bilateral relations.