Chinese Premier Wen Jiabao expressed his hope Thursday that his ongoing visit to India will strengthen bilateral cooperation and lift bilateral ties to a new height.
China and India vowed on Thursday to raise bilateral trade to $100 billion by 2015, from $60 billion in 2010, and called for a stronger partnership between Asia's two giants.
Special: Wen's India Visit to Deepen Economic Ties
Huawei Technologies Co Ltd, China's top telecom gear maker, aims to invest more than $2 billion in India over the next five years.
China has not intentionally sought to have a trade surplus with India and has been looking for ways to increase purchases from the country, a top Chinese economic diplomat in India said.
BEIJING - It is difficult to believe there were ever any tensions between India and China. On the eve of Premier Wen Jiabao's state visit to India, as we spoke to a handful of the few thousand Indians settled in China and asked them what they thought was the best thing about living in the country, the warmth and goodwill exuded by the Chinese were a clear winner.
China and India's future prosperity lies in partnership not rivalry, Premier Wen Jiabao said on Wednesday, promising to redress a yawning trade imbalance between the rapidly growing Asian giants.
Premier Wen Jiabao's visit to India will give a vision for the future development of bilateral relations with economic cooperation the top focus for next year, said Indian Ambassador to China S. Jaishankar.
Madhulika Sen, principal of the Tagore International School in the Indian capital, wanted to make sure that her students get a chance to talk to "Grandpa Wen" and have pictures taken with him when he visits the school.
Premier Wen Jiabao's visit to India this week will yield a slew of commercial deals, which will help smooth trade relations between the two emerging economies, senior officials said on Monday.
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General Motors Co (GM), the largest overseas carmaker in China, has failed to replicate that success in India. To crack the market, the Detroit-based carmaker is enlisting its partner in China, SAIC Motor Corp.
Chief Executive Donald Tsang, who completed his India visit on Friday, invited the business leaders of the neighboring country to set up bases in the city. He addressed a forum, a business luncheon and meeting officials of Maharashtra, a prosperous western state of India.
The rise of China and India is believed to be the most remarkable phenomenon of the 21st century. The international community admires their achievement, especially their economic resilience and the great potential they have showed during the global financial crisis.
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