Internet-related cooperation between China and India could eventually lead to market integration between them, says a Chinese state-run daily, days after Flipkart, India's largest e-tailer, said it had received a $1.4 billion capital infusion from various companies including Chinese internet giant Tencent Holdings.
In an article, titled 'China-India e-commerce collaborations show promising potential for cooperation', the Global Times said: "In terms of India's external trade, it is possible that Internet-related cooperation between China and India will eventually lead to market integration as online platforms give vendors a direct access between the two countries.
"When it comes to market integration, one plus one will be greater than two if companies from both sides can take advantage of their economic complementarity to stimulate greater domestic demand."
It said around a third of the world's population live in China and India, two of the world's major emerging economies that are seeing a fast-expanding middle class. "Economic integration is likely to create immeasurable market potential and thus push both economies into a new stage."
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