Indian PM Singh heads to China for talks

10:14, April 12, 2011      

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India's Prime Minister Manmohan Singh is traveling to China, as the two countries look to boost economic ties. Singh will also attend a summit of BRICS emerging countries, including Brazil, Russia, India, China and South Africa.

Chinese Premier Wen Jiabao visited India in December when the two governments agreed to increase their bilateral trade to US$100 billion by 2015, up from US$60 billion last year.

It is widely believed that an ever-increasing trade between Asia's largest two developing countries will accelerate prosperity of the two peoples, while leading Asia to new economic heights.

China is India's largest trading partner. Business deals worth more than US$16 billion were signed between the two during Wen's last entourage to India.
The two countries have agreed to expand co-operation in infrastructure, environment, information technology, telecommunications, investment and finance.
The two emerging economies have a lot to cooperate as they are complementary in economic structures, Chinese experts say.

By People's Daily Online
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