Business / Economy

China, India make in-depth dialogue on co-op

(Xinhua) Updated: 2012-11-27 10:46

NEW DELHI - China and India Monday made in-depth and extensive dialogue and exchanges over how to strengthen strategic, economic and trade cooperation, promote bilateral macro- economic policy communication and coordination, as well as deepen and expand pragmatic cooperation in the fields of investment, infrastructure, high-technology, energy efficiency, environment protection and energy.

During the 2nd Meeting of China-India Strategic Economic Dialogue in the Indian capital, the Chairman of the National Development and Reform Commission of China, Zhang Ping, and Vice-Chairman of the Planning Commission of India, Montek Singh Ahluwalia, addressed the attendants on the overall outlook of bilateral cooperation.

In his speech, Zhang said the dialogue is an important platform created by the governments of the two countries in order to exchange experiences in economic development and broaden cooperation, as well as an organic part of the Sino-India Strategic Partnership.

As two biggest developing countries in the world, China and India are moving forward on the road of renovation. Both countries share many common interests in the world today, he said.

Zhang said that the just-concluded 18th National Congress of the Communist Party of China has clearly pointed out that China will implement a more active open policy and under this guideline, China will consolidate its strategic partnership with India with a strategic and long-term perspective to seek and push forward common interests, develop and expand space of cooperation, learn from each other's experiences and open each other's market.

Zhang suggested that the two countries deepen communication and coordination of each other's macro-economic policy, push forward cooperation in infrastructure including railway, power, telecommunications, improve investment atmosphere, carry out green economic cooperation like renewable energy, energy efficiency and environment protection.

Ahluwalia said the dialogue is a mechanism aimed at promoting exchanges in multiple fields between the two countries, and India- China cooperation has huge potential.

He said the two countries have many things to exchange and India is very much interested in the achievement made by China in infrastructure like highways, ports and railways, while China is also interested in the experiences accumulated by India in many fields.

Ahluwalia added that India-China economic growth is exerting a huge impact on the reshaping of global economic order and India would like to cooperate with China in multilateral frameworks like G-20 and BRICS.

During the meeting, the governments and enterprises of the two countries also signed a number of agreements on joint study of cooperation, railway, software, energy and energy efficiency.

The first such dialogue was held in Beijing in September 2011, after Chinese Premier Wen Jiabao and Indian Prime Minister Manmohan Singh agreed to launch the dialogue in 2010.

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