Trade policy review meet of China in WTO: India flags trade deficit, non-transparent subsidies

India has raised concerns over China's high trade deficit and non-transparent subsidies, affecting domestic industry. India's bilateral trade with China recorded the largest trade deficit in 2023-24, with exports ending at USD 16.65 billion and imports at USD 101.75 billion. The EU also raised concerns over China's distortive industrial policies and import substitution.