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xchrom

(108,903 posts)
14. TRADE, INVESTMENT HOPES AS CHINA'S XI VISITS INDIA
Wed Sep 17, 2014, 07:40 AM
Sep 2014
http://hosted.ap.org/dynamic/stories/A/AS_INDIA_CHINA?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-09-17-07-29-08

AHMEDABAD, India (AP) -- Chinese President Xi Jinping landed in the Indian prime minister's home state of Gujarat on Wednesday for a three-day visit expected to focus on India's need to improve worn out infrastructure and reduce its trade deficit.

Xi was greeted on the tarmac by a throng of news photographers and state officials carrying fringed umbrellas to guard him from the sun in Gujarat's main financial city of Ahmedabad.

Prime Minister Narendra Modi is expected to court Chinese business and seek investment to upgrade creaky infrastructure, banking on China's track record at building highways, railways, and industrial zones. India is also eager to address the imbalance in their annual trade, which now totals around $65 billion but is skewed toward imports of Chinese electrical equipment and parts.

Modi and the Gujarat government are staging a lavish welcome for Xi, with billboards across Ahmedabad showing a smiling Modi and Xi. A banquet dinner was being held Wednesday night on the banks of the Sabarmati River in Ahmedabad. Modi was also celebrating his 64th birthday.

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