Anti-dumping cases harmful for trade relations: China

‘‘It was essential for both countries to communicate and deliberate before such cases are initiated,’’ he said.

China also stated that lack of understanding, confidence and knowledge were among the main reasons for low volume of bilateral trade with India which was expected to cross the $4 billion mark this year. The Ambassador was, however, optimistic that the bilateral trade would cross the $4 billion threshold this year from last year’s level of around $3.6 billion. The ambassador said Chinese companies were very keen to set up joint venture with Indian firms in areas such as engineering, pharmaceuticals, telecommunications, electronics, road building and manufacturing.

Asked if Chinese firms would be keen to bid for Indian public sector companies being privatised, he said, ‘‘the possibility is there. At the same time, we would like Indian companies to pick up stake in Chinese firms.’’

On WTO, Junduo said China was very much interested in protecting rights of developing countries.