Bilateral trade between India and China hit a record $155 billion in 2025, marking a year-on-year increase of more than 12%, according to Chinese Ambassador Xu Feihong on Tuesday.
Speaking at the 2026 Chinese New Year Reception in New Delhi, Xu noted that India’s exports to China rose by 9.7% last year, emphasizing the significant potential for economic and trade collaboration between the two nations.
Xu affirmed that China backs India’s leadership of BRICS, expressing readiness to deepen multilateral cooperation with New Delhi and a commitment to jointly promote the progress of the Global South.
He also highlighted the meeting between President Xi Jinping and Prime Minister Narendra Modi in Tianjin last August, on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit, as a pivotal moment in bilateral relations.
Since India and China resolved the extended military standoff in Ladakh along the Line of Actual Control (LAC) in October 2024, both countries have taken measures to stabilize relations and tackle the longstanding boundary dispute.
Xu noted that, since the disengagement process began, interactions at various levels have become more frequent, and economic and trade cooperation has reached unprecedented levels.
India has restarted issuing tourist visas to Chinese citizens, and direct flights between the Chinese mainland and India are now operational again.
Highlighting development goals, the envoy stressed that China’s emphasis on self-reliance resonates with India’s Atmanirbhar Bharat vision. He further compared both nations’ approaches to their roles and perspectives on the global stage.
Although trade volumes have reached new highs, India has consistently raised concerns about the growing trade imbalance and restricted access to Chinese markets.
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