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India-China bilateral trade touched a record high of $155 billion in 2025, registering over 12 percent year-on-year growth, Chinese Ambassador Xu Feihong said in New Delhi. The envoy highlighted strong economic momentum despite diplomatic and border-related challenges between the two Asian giants.

#IndiaChinaTrade #XuFeihong #IndiaChinaRelations #GlobalTrade #EconomicTies #TradeGrowth #Diplomacy #AsiaEconomy #world

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Transcript
00:00Distinguished guests, ladies and gentlemen, dear friends, Your Excellencies, all those friends from different circles of the Society of India, good evening and namaste.
00:19As the year of the horse approaches, it is a great pleasure to join all of you to celebrate the Spring Festival.
00:28In Chinese culture, the horse symbolizes the spirit of fortune ahead with vigor and confidence.
00:37On behalf of the Chinese Embassy in India, I would like to extend my warmest Chinese New Year greetings and best wishes to all the guests for a prosperous New Year of the horse and to every success in the year ahead.
00:552025 marks the final year of China's 45-year plan.
01:03Despite mounting economic pressure, China has pushed forward with innovation-led and high-quality development.
01:12China's GDP has exceeded 140 billion yuan, about 20 trillion US dollars, reaching a new milestone.
01:24With a growth rate of 5%, China has ranked among the fastest-growing major economies, contributing more than 30% to global economic growth.
01:37China has become a major trading partner for more than 150 countries and regions, with its total trade in goods growing 3.8% year-on-year to over 6.4 trillion US dollars.
01:55Facing a world of growing changes and turbulence, President Xi Jinping solemnly proposed the Global Governance Initiative, calling for a more just and equitable global governance system,
02:11which has received positive responses and support from over 150 countries and international organizations.
02:21China practice its true multilateralism, advocates an equal and orderly multipolar world, and a universally beneficial and inclusive economic globalization.
02:34We stay committed to safeguarding the global free-trade system, as well as stable and unimpeded industrial and supply chains.
02:46Last August, President Xi Jinping and Prime Minister Narendra Modi held a successful meeting in Tianjin,
02:55which leads China-India relations from a reset and a fresh start to a new level of improvement.
03:05Exchanges at all levels have become more frequent.
03:09Economic and trade cooperation has reached new heights.
03:13People-to-people exchanges have become more active.
03:18The bilateral relations have continued to improve.
03:23In 2025, bilateral trade between China and India reached a record high of US$155.6 billion,
03:36registering a year-on-year growth of over 12%.
03:41India's exports to China grew by 9.7%, demonstrating the vast potential of economic and trade cooperation between the two countries.
03:53China has resumed the pilgrimage for Indian pilgrims to the Sacred Mountain and Holy Lake in China's Xizhan Autonomous Region,
04:03with nearly 20,000 Indian pilgrims fulfilling their lifelong dreams.
04:10India has resumed issuing tourist visas to Chinese citizens,
04:15and direct flights between Chinese mainland and India have been restored,
04:21all of which have facilitated exchanges between the two countries.
04:30Ladies and gentlemen, dear friends,
04:33As ancient civilizations of the East, both China and India possess brilliant traditional cultures that remain vibrant and relevant,
04:45continually offering us inspirations and guiding us forward.
04:53Last year, I visited the Ajanta and Elora Caves UNESCO World Heritage Sites.
05:01Surrounded by the murals and sculptures, I could truly feel the historical exchanges and mutual learning between Chinese and Indian Buddhist cultures.
05:13I also visited St. Nickton, the hometown of Rabindranath Tagore,
05:23as well as the Chinese Language and Culture Department of Viswa Bharati University.
05:30Immersed in the intersection of literature and language,
05:35I could sense the enduring cultural ties and spiritual resonance between China and India.
05:44Through the visits and exchanges, I found many commonalities in our intellectual traditions and value pursuits.
05:58At the family level, both countries cherish traditional festivals such as the Spring Festival and Diwali,
06:09which emphasizes unity and harmony.
06:14At the national level, China's emphasis on self-reliance resonates with India's strategy of Atamanira Burr Bharat.
06:26At the global level, Chinese vision of a world of great harmony echoes India's pursuit of Pursuit, Daiwa, Gudun, Bergam.
06:40The Chinese nation has always valued good neighborliness and harmony among nations.
06:46We stand ready to work for India to draw wisdom from our traditional cultures,
06:52to uphold the important consensus that China and India are each other's cooperation partners and development opportunities,
07:02better align our development strategies, deepen practical cooperation to expand the pie of mutual benefits and win-win outcomes,
07:12and jointly advance national development and rejuvenation.
07:19We are ready to enhance people-to-people exchanges with India,
07:24build more bridges of friendship, and bring our peoples closer together.
07:30We support India's role as the BRICS rotating chairmanship,
07:35stand ready to strengthen multilateral coordination with India,
07:40and work together to advance the development of the global South.
07:45So,
07:47ladies and gentlemen,
07:49ladies and gentlemen,
07:51In India, the international community and students are the most important part of the international community.
07:59We hope that you will continue to develop the international relations with two countries.
08:09China and India will always be your home.
08:13We will be able to do good work for everyone.
08:19Ladies and Gentlemen, Dear Friends, Tomorrow marks Li Chun, the first of the 24 solar terms
08:29of the Chinese traditional calendar. Li signifies a beginning, and Chun, or spring, is a symbol
08:38of hope. At this very fresh start of new seasonal cycle, we look forward to the sustained sound
08:47and steady development of China-India relations in the year ahead. Finally, please allow me
08:56to propose a toast to the peace and prosperity of both China and India, to the new development
09:05of China-India relations, to the happiness and good health of all the friends present
09:12today. Thank you.
09:19you
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