FICCI has established links with China Council for Promotion of International Trade (CCPIT), and has opened an office in Beijing. Similarly, CII is opening an office in Shanghai.
Several Indian companies have opened branches or other business outlets in China. C1F has opened its East Asia HQ in Shanghai and has set up the India Club. Trade volume with China is expected to increase rapidly.
Since, China has become a member of the WTO; this makes it less difficult to deal with cases of dumping of Chinese goods in our market.
As regards the prices of Chinese goods, Indian producers have nothing to fear if they keep improving the quality of their produce and reduction in cost of production through innovation, organisation, and economies of scale. This is the best long-term solution to tackle dumping and promote exports aggressively.