Jiaxing has identified 'new energy', 'new materials', and 'energy efficiency and environment protection' as the core of shifting away from heavier manufacturing.
India is adopting a cautious approach in treating FDI proposals involving Chinese entities, based on an assessment of security and financial risks and protection of personal data.
It is important for businesses of both countries to understand and avail the benefits derived from the double tax avoidance agreement signed between China and Mongolia to ease their tax burden.