Chinese premier's India trip helps build mutual trust, deepen cooperation: FM (2)

Whether the two countries could build and deepen mutual strategic trust is crucial to charting the future course of bilateral relations, Wang said.

Both sides, the foreign minister said, stressed in the statement that they are partners, rather than opponents, and regard each other's development as its own opportunities, not challenges. Both China and India believe their economies are highly complementary and the potential for cooperation is huge.

"There is enough space in the world for the development of China and India, and the world needs the common development of both countries," said the statement.

The two countries agreed to hold a regular exchange of high-level visits, promote trade, cooperate in industrial parks and the financial sector, enhance interaction in the military field, and strengthen cultural exchange.

Amicable relations between China and India will be a positive thing for Asia, and common development of China and India will provide new engines for the world economy, Li told reporters after meeting with Singh.

Addressing the Indian Council of World Affairs on Tuesday, Li urged both countries to look forward and seize the new opportunities in their strategic cooperation.

"China-India relations are one of the world's most important bilateral relations in the 21st century," Li said. "Their cooperation has vast room of further development."