“We’re hoping that both the global economy, as well as the Chinese economy, will improve in 2024,” he told the Post at the expo. “So, right now, the participation size [at the expo] will be limited because people are just testing the market here at this point in time.”
India and China have been in a border stand-off for years, punctuated by a deadly clash between soldiers along the disputed Himalayan frontier in 2020. Additionally, India has opted not to engage in the China-led Belt and Road Initiative, contending that Beijing’s trade initiative to link economies does not offer a level playing field for Indian businesses.
When addressing the expo, Chinese foreign minister Wang Yi called on South Asian countries “to ride China’s development momentum and share the benefits of China’s growth”.
As a wholesaler of arts and crafts, Rasmila Biswal, the owner of Oditribe Innovations in India, took part in the expo for the first time and said diplomatic relations between China and India were not a factor in her business decisions.
“So you look at the big market in China, and if they have any requirements that we can fulfil, then why not,” Biswal said.
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