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India welcomes Chinese investment
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India welcomes Chinese investment, and is competitive in industries such as information technology, telecommunications, automobile, biotech and energy, participants said at the "Make in India" seminar held in Shanghai today.
As the world's major economy, India has maintained a steady growth rate of around 8 percent in recent years, and is expected to become the fastest growing country as China enters a state of new normal.
China, India's largest trading partner, has bilateral trade worthy of US$71 billion last year. Chinese companies, including Huawei and ZTE, have invested heavily in India.
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