....Ambassador to China S. Jaishankar said India had now become the largest market for project exports from China, with over $ 55 billion worth of projects – from infrastructure to power – under execution. “In this background, expanded banking relations between India and China is very important,” he said. “The Reserve Bank of India and the China Banking Regulatory Commission have already reached agreement to expedite processing of licenses... It is only when our banks are more connected that we can be said to have achieved the full spectrum relationship that is natural to neighbours.”..........
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