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China is the world's second largest economy, largest industrial producer, largest trader in goods, and largest holder of foreign exchange reserves. Moreover, with its large population of 1.4 billion and a rapidly growing middle class, China is the world's largest and most promising market.
China is keen to make investments in India, while India wants greater market access in China, as well as action by Beijing to address the trade imbalance. It has agreed to expand imports of rice and sugar from India.
China is expected to see booming ice and snow tourism ahead of the 2022 Winter Olympics in Beijing, said a report released by the China Tourism Academy at a forum in Harbin, capital of Northeast China's Heilongjiang province, on Jan 5.
China is going to further open its insurance market to foreign investors, and regulators are striving to make it more attractive to foreign insurance institutions, said Chen Wenhui, vice-chairman of the China Insurance Regulatory Commission.
China hopes both countries proceed from the situation of regional peace and stability and seize the opportunity to positively conduct dialogue, he added.