China characterized its economic and trade partnership with India as “mutually advantageous and win-win in nature,” urging New Delhi to create a fair, just, transparent, and non-discriminatory business environment for Chinese firms operating within its borders.
Guo Jiakun, spokesperson for the Chinese Foreign Ministry, commented when questioned about reports indicating that India's Serious Fraud Investigation Office (SFIO) suggested looking into the Chinese smartphone manufacturer Xiaomi.
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“I am not aware of the specific situation,” Guo said, adding that China hopes India will provide a “fair, just, transparent and non-discriminatory business environment” for companies from all countries investing and operating in India.
“China-India economic and trade cooperation is mutually beneficial and win-win in nature,” he says.
The statements from the Chinese Foreign Ministry follow media reports regarding a suggested SFIO inquiry into Xiaomi.
The inquiry arises in the context of increased focus on the potential for a meeting between Prime Minister Narendra Modi and President Xi during the summit, as New Delhi and Beijing aim to carefully restore relations after the extended tensions caused by the 2020 Galwan clashes.
Simultaneously, India's Ambassador to China, Vikram Doraiswami, strongly advocated for enhanced collaboration between the two nations in trade, economy, climate initiatives, and the digital domain.
Doraiswami stated that a "stable, predictable, and friendly" relationship between India and China would benefit both nations' total population of approximately 2.8 billion and also promote global peace, stability, and prosperity.
India's leadership of the 18th BRICS Summit centers on the theme "Building for Resilience, Innovation, Cooperation, and Sustainability," emphasizing a human-centric approach across its main pillars to strengthen institutions and promote sustainable development.
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Additionally, Chinese President Xi Jinping's anticipated trip to New Delhi for the BRICS Summit on September 12-13 may offer renewed impetus to India-China economic collaboration, as trade, investment, and enhanced business partnerships are poised to become more significant while the two nations aim to capitalize on the recent enhancement of their bilateral ties.
Xi's trip, his initial one to India in seven years, arrives as New Delhi and Beijing aim to enhance high-level interactions and broaden practical cooperation. The BRICS framework may offer an extra opportunity for both nations to collaborate on trade, investment, technology, and worldwide supply chains.
The bilateral goods trade between India and China hit $151.10 billion in FY2025-26, showing an 18.31 percent increase from the prior year, as reported by data from the Indian Embassy in Beijing. India’s exports to China grew by 36.62 percent to reach $19.47 billion, while imports rose by 16.03 percent to $131.63 billion in the same year.
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The significant increase in trade offers a substantial foundation for the two nations to pursue additional business prospects. In July, China’s Foreign Minister Wang Yi stated that bilateral trade had achieved a “new high” and emphasized the need for enhanced cooperation in sectors such as economy and trade.