Feb. 9 – China’s National Social Security Fund may invest some of its more than US$100 billion worth of funds in India, according to its chairman.
Chinese National Council for Social Security Fund Chairman Dai Xianglong said during the DSP Merrill Lynch India Investor Conference held in New Delhi: “By the end of 2009, the total amount of China’s National Social Security Fund has exceeded US$100 billion and a part of it may also be invested overseas, including in India.”Press Trust of India quoted him as saying: “In the next one to two years, if we can work together to solve those problems in the bilateral trade, including the issue of big trade surplus on the Chinese side, the two-way trade might be able to exceed US$60 billion.”
Bilateral trade between India and China was affected by the global financial crisis dropping to US$43 billion last year compared to US$51.8 billion in 2008.
