原文标题：PM conveys concerns over trade imbalance with China to Wen Jiabao
PHNOM PENH: Prime Minister Manmohan Singh on Monday invited Chinese investments in the infrastructure sector while conveying India’s concerns over trade imbalance to his counterpart Wen Jiabao, who said this could be addressed “gradually”.
India and China will be holding the second Strategic Economic Dialogue (SED) in Delhi later this month with an aim of enhancing business engagement between the two of the fastest growing economies, significantly at a time when the western world is facing crisis.
After the SED, a date will be decided for the next round of talks between Special Representatives of the two countries on boundary and other issues, to be held in China shortly.
At the 40-minute meeting here on the sidelines of ASEAN Summit, the two leaders discussed a wide range of subjects including economic cooperation, boundary issue, defence, maritime security, besides international matters.
Both the leaders agreed that there is enough space for both India and China to develop while expanding cooperation between them side by side. Wen said this was the guiding principle of his country’s approach towards India.
“The economic engagement was given a great deal of importance by the Prime Minister in his remarks,” foreign secretary Ranjan Mathai told journalists while briefing on the “fruitful and detailed” meeting, the 15th between the two leaders during the last eight years.
Singh emphasised that he was committed to working for realisation of “full potential” of economic cooperation between the two countries, Mathai said.
Singh referred to Indian exports and “emphasised the need for greater market access for Indian exports particularly in areas of Services, IT and Pharma”, Mathai said.
“The Prime Minister also welcomed Chinese investment in infrastructure sector which he said would help create employment and help bridging trade deficit between the two countries,” he said.
Wen responded by saying he was, “looking forward to gradual balancing of trade and they (China) were cognizant of India’s particular interest in these areas.
Mahesh Ved (Mumbai)
Trade should be Mutually Beneficial.
MMS your words were deaf people…they want concessions n more concessions..then only they will invest…
PM don’t Cry! PM you are outdated! Your Industrialist & Trader Friends want it that way! They find it profitable to from China undervalued than to manufacture in India with our outdated Industrial, Lab our and tax policies.
An area not so far touched by other PMs.Must admit that the PM has fore sight and a clear vision as far as economy is the issue.
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Derrick Dias (Goa)
Does the PM expect to sell the Chinese goods back to China with the “made in India stamp ”
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Vijay Khilery (Ambala, India)
If situation of corruption ends (reduces drastically) in India, then we will be able to manufacture quality goods at lower prices and will automatically be able to compete China. Then there will be balance in trade automatically.
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Marco Hsiao (Asia)
India should reinforce infrastructure and trade capability. China would be the largest importer on the earth after about 2018. Highway and high speed rail both should be constructed to link India and China for more trade, investment and culture interflowing.
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Prof.A.Prabaharan (Public Action)
Mr.P.M we must put efforts to correct the trade imbalance. Complaining to the Chinese P.M is not the solution
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Dear PM, How can we expect to compensate this imbalance when Chinese are on a selling spree in India and we Indians are unable to sell anything in China!
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ramesh chandra gupta (noida)
Trade imbalance against China can never be rectified as China imports raw materials from India and exports finished good to India. Indian products are never competitive in prices and hence India has to live with this imbalance.
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Sher Singh (Indore)
Mr. MMS.. The trade imbalance is much bigger than on paper because of the rampant corruption by customs at the ports which results in grossly undervalued imports from china. THAT is hurting Indian Industry in a huge way.
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SCL Premi (India)
MMS is not bothered about the BORDER imbalance!
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colranbir lamba (PTA)
TRADE IMBALANCE NOT GOOD FOR ANY ONE
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India is beling exploited (Karachi )
Every country in the World want to make business with India – but in reality they are exploiting India. The Indian government is in a deep slumber. REMEMBER: THE WESTERN COUNTRIES ARE IN FACT CRUSADER NATION. Thus exploiting and killing is a part of their genetic DNA.
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Ramesh Sargam (Bangalore, India)
Just keep ‘conveying Sonia’s interests’. That is all. No concrete action as a PM “on his own”. Very sad.
Just keep conveying concerns …. Don’t do anything..!!!
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rampresingi (Chennai) replies to furr
Have to be more concerned about corruption in our country
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nowdays stationary, medical, toys, instruments, electronics etc everything coming from china. big companies like ITC, godrej, onida, videocon etc etc. buying from china and selling under their brand name. only clothes & food industry remains in india hence PM has to see that India becomes a manufacturing hub
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only showing concern will not serve the purpose… make a clear economic policy and set up some manufacturing unit like china has,,, we are importing almost each and every electronic item from china… and the imbalance is widen everyday…. we must support and set up our own manufacturing unit//// our country produce large number of Engineering graduate every year,, but we are not able to utilize them fully… this is a disaster for us….
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SCL Premi (India)
MMS, first make the Indian manufacturing sector competitive and in quality as well as the price! They will come running to buy from us!
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umesh (delhi) replies to SCL Premi
MR SCL, U seem one of the large number of corrupt importers who import goods at the grossly undervalued goods & send the payments through hawala. indian industry is no less competitive than china but we are not given the level playing field. indian manufacturers have to face innumerable corrupt govt. departments every day whereas chinese govt. treats manufacturers as their partners in progress. we have to pay full excise duties,sales tax, service tax etc. whereas u importers pay only a fraction of custom duty because imported goods from china are grossly underinvoiced. just try to get a invoice of goods at full value from any importer
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If you are unable to hear concerns of your countrymen, how on earth a supplier of goods will hear your concerns!!! Mr PM without any disrespect to you, running a country requires much more than knowing about money matters but you have also failed in this area. No wonder the world feels that India is run from outside through corrupt system and greedy industrialists.
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Oh my goodness. This economist primeminister of ours has forgotten the first principle of economics: trade imbalances are caused when one party can produce goods and services at a cheaper price than the other and they cannot be legislated away. The Chinese leader must have laughed at MMS’s comment (not that it matters, people any way laugh at him for being a chamcha). Either way, nationalistic Indians should work hard and produce more (and that entails that we must fire our corrupt counter-productive leaders). That is the only way to fix the trade imbalance with China.
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