China, India signal shift in trade ties

Trade and economic relations between India and its largest trading partner, China, seem poised to enter a new phase where both sides acknowledge a desire for strategic alignment and mutual ambition. China on Friday said it stands ready to work with India to fully leverage the role of bilateral economic and trade cooperation as a “ballast”, while the Indian side also is looking at making the two-way trade more balanced. In a social media post regarding the meeting between Commerce and Industry Minister Piyush Goyal and China’s Minister of Commerce Wang Wentao during the just-concluded 14th Ministerial Conference of the…