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Sino-Indian cooperation aims for development, prosperity
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15:05, August 05, 2009

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China and India, as the two Asian giants, are the "greatest neighbors" to each other as well as the densely-populated developing nations, and Sino-Indian relations have advanced in an all-round way and with a fast pace in recent years.

Since 2005, there have been frequent exchanges of high-level visits and intensified bilateral contacts and cooperation at various levels. During the visits of President Hu Jintao and Premier Wen Jiabao to India respectively in November 2006 and April 2005, leaders of both nations reached broad consensuses on expansion of bilateral ties and decided on their strategic, cooperative partnership and formulated the "ten strategies" to deepen their strategic and cooperative partnership.

Indian Prime Minister Dr. Manmohan Singh paid a successful, three-day visit to China in January last year, and both sides signed during his trip "A Shared Vision for the 21st Century of China and India" to advance bilateral friendly cooperative relations in the 21st century and press ahead with the construction of a harmonious world for common prosperity.

Afterwards, Indian Congress Party President Sonia Gandhi visited the Chinese capital of Beijing and attended the Olympic inaugural ceremony in early August 2008. India Foreign Minister Pranab Mukherjee visited China in June and his trip was followed by the visit of Chinese Foreign Minister Yang Jiechi to India in early September of the same year. So, a sound momentum of sustained, smooth and steady growth has been shown in the relations between the two Asian neighbors.

China and India are considered the two fastest-growing economies worldwide. China is widely known for its strength in its manufacturing industry and infrastructure development, whereas India has a relatively developed service sector and is quite experienced in software outsourcing and biological medicine production. Hence, they complement each other economically with a big potential and a spacious space for cooperation.

Sino-Indian trade in the last five years climbed by an average growth of more than 30 percent a year and it reached 51.7 billion US dollars in 2008, up 35 percent year-on-year. The two nations have strived to realize the target of 60 billion dollars in bilateral trade in the year 2010. China has become one of India's largest trade partners, and India is now one of the most vital investment and overseas project contracting markets for China.

China and India have been increasingly influential on global affairs. They share the similar stances or opinions on many global and regional issues of common concern. They cooperate closely and defend their own interests as well as the legitimate rights and interests of developing countries on such issues as the environmental protection, climate change, food and energy security, the Doha round of global trade talks and the world financial crisis.

As two members in the category of the new emerging economies, both China and India have carried out their efficient, fruitful cooperation on major platforms with regard to the three-nation (Russia, China and India) mechanism and mechanisms of BRICs (namely, Brazil, Russia, India and China) and the Group of Five major developing countries.

Moreover, China and India have played a constructive role along with other leading developing nations within the frameworks of the Group of Eight plus Five (G8+5), and the Group of 20 (G20), in a bid to safeguard the rights and interests of developing nations and raise their international status. At present, their joint endeavor for development not only serves the interest of 2.4 billion people in the two nations but also benefit Asia and the World at large.

During a meeting with Indian Prime Minister Manmohan Singh in the Ural city of Yekaterinburg, Russia on the sidelines of the BRICs meeting on June 15, President Hu Jintao said China would unswervingly enhance Sino-Indian good-neighborly and friendly cooperation with India, proceeding from a strategic height and long-term perspective.

On his part, Indian Prime Minister Manmohan Singh said during the meeting that "India will give top priority to its relations with China and is committed to advance bilateral cooperation in various fields on the basis of existing sound momentum". He also acknowledged "China is not a competitor and that there is enough room in the world for the two countries to achieve development."

China and India currently aspire to celebrate the 60th anniversary of their diplomatic relations next year. Looking ahead, people are confident that China and India, both nations with great ancient civilizations, which had contributed greatly to the world civilization and development, are sure to make new, fresh contributions to peace in Asia and the world at large while attaining their own development.

By People's Daily Online and contributed by Chinese Ambassador to India Zhang Yan


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