china: With China's strength in manufacturing and India's advantage in industries such as information technology, the two economies are complementary and have great potential for further cooperation, analysts said, according to Global Times China. The comment came as a Press Trust of India PTI report said over the weekend that about 200 US companies are seeking to move their manufacturing bases from China to India, citing a top US-based advocacy group. Photo Chu Daye/GT Even if US companies move their manufacturing bases from China to India as reported, it is not necessarily a bad thing as the two Asian giants could cooperate in the Indian market or even third markets, analysts said. Mukesh Aghi, president of the US-India Strategic and Partnership Forum, said that the US companies are talking to the group about how to set up an alternative to China by investing in India, according to the PTI report. Long further noted that with the fast development of the Indian economy, its efforts to improving the business environment, and low labor costs, companies from China will also go to the country to tap its market potential. Amid China's efforts at an industrial transformation and upgrading, it's a trend that some manufacturing companies will move out of China to countries elsewhere in Asia, including India, Long Xingchun, a senior research fellow with the Charhar Institute and director of the Center for Indian Studies at China West Normal University, told the Global Times on Sunday.
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