China willing to help Indian firms to cater to its market demand: Envoy Xu Feihong

China's new envoy to India, Xu Feihong, has stated that the Chinese market is open to all countries, including India. He emphasized that Beijing understands India's concerns over its burgeoning trade deficit and is willing to help Indian companies tap into the Chinese market. The trade deficit reached USD 101 billion in 2022, crossing the $100 billion mark. Xu reiterated that China understands India's concerns and is not seeking a trade surplus.