China India Strategic Economic Dialogue

[Lankan Ranger]

China India Strategic Economic Dialogue

India would like to cooperate further with China in the energy sector as the two Asian neighbors seek to overcome past issues with trust and increase trade ties.

S. Jaishankar, India's ambassador to China, has said that new and renewable energy sources are expected to be one area where the two can cooperate to their mutual benefit.

"We hope to discuss it at our first Strategic Economic Dialogue, slated for this year, " Jaishankar said.

When China's Premier Wen Jiabao made a three-day visit to India in December of last year, among the many deals made, was an agreement on starting a Strategic Economic Dialogue to coordinate macro-economic policies.

According to its ambassador, India's 12th Five Year Plan (2012-2016) calls for generating more power through renewable sources such as wind and solar power.

At the same time, China's 12th Five Year Plan (2011-2015), which runs until 2016, focuses on a greener approach to economic growth.

In responding to the comment that China and India have found themselves at odds with each other over a range of issues in the past, Jaishankar said it is not necessary to be "overly fixated on competition".

"I recommend that the two look at the results of their cooperation to get a more balanced picture. The last 10 years have been particularly impressive," he commented. He also noted that Beijing and New Delhi can increase that cooperation "even more", while admitting that thinking big and working on a win-win solution does remain a challenge.

"This is a forward looking group whose very coming together symbolizes change in the global arrangement. BRICS has a tradition of independent decision-making, and this is a shift towards a more multi-polar world order," he said.

China, India look to energy cooperation

http://www.sify.com/news/india-chin...gy-sector-news-international-leon4lfadfg.html

 

[The HBS Guy]

India-China cooperation for the benefit of whole of the humanity.

 

[indushek]

India-China cooperation for the benefit of whole of the humanity.

It may be but never talk of this on this forum, u know why.

 

[The HBS Guy]

It may be but never talk of this on this forum, u know why.

lol you are paying too much attention to this forum.

Guess what? It's not worth it.

Policies are never made by know-it-all armchair generals least of all foreign policy and that too by teenagers who have a far less parochial, hot-headed and emotional weltanshauung.

 

[Chinese-Dragon]

India-China cooperation for the benefit of whole of the humanity.

Well, we do have huge populations.

So anything that is good for us, is "technically" good for humanity as a whole.

 

[GUNS-N- ROSES]

economic cooperation is they way to go.

 

[Brotherhood]

Good move for both country, more economic co-operation will eventually lead to better overall relationship.
Our first target for 2012 will be 120 billion, predicted to be triple in a few yrs time.
India-China bilateral trade likely to cross $120 billion by 2012 | MBA Jobs, MBA, CAT 2011 XAT MAT IIM MBA Colleges

 

[indian dream]

Good... This is a big step forward..

 

[jha]

Good move for both country, more economic co-operation will eventually lead to better overall relationship.
Our first target for 2012 will be 120 billion, predicted to be triple in a few yrs time.
India-China bilateral trade likely to cross $120 billion by 2012 | MBA Jobs, MBA, CAT 2011 XAT MAT IIM MBA Colleges

The moment the trade crosses $ 500 Bill. mark , our NE region will become a lot less volatile..

 

[kamakazi attack]

why not?

china and the US dont like each other very much, but bound economically by the hip.

I suspect their are many countries especially in the West that would love to see the status quo...Indians and Chinese distrusting each other.

 

[Lankan Ranger]

India's Infosys to invest US$150 million for campus in China

The country's second largest software exporter Infosys Technologies on Saturday said it plans to invest between USD 125-150 million in its new campus in Shanghai, China.

"Infosys plans to invest between USD 125-150 million in the new campus, one of the largest investments in China by a software company," the company said in a statement.

Infosys on Saturday laid the foundation stone for the new campus, which will be spread over 15 acres and will be developed over a period of three years.

With an overall seating capacity for 8,000 employees, the campus will have facilities for software development, labs, data centres, training facilities, food courts, a 1,500-seater auditorium, gym, and other recreational facilities.

The Shanghai campus will be the largest overseas software development centre of Infosys adhering to the highest environmental standards, it said.

"As the second largest economy in the world, China will lead the world in economic growth in the future and we see exciting times ahead. This large investment is a testimony to Infosys' commitment to China," Infosys chief mentor and chairman of the board N R Narayana Murthy said.

"We will use our enhanced capacity here to deliver high quality consulting and software services to the global markets as well as to our clients in China," he added.

Infosys Technologies (China) CEO Rangarajan Vellamore said with this investment and enhanced capability, the company aimed to lead service capability out of China to global and local markets.

"When this campus is completed we expect to have over 10,000 employees in Shanghai alone," Vellamore added.

Infosys China was incorporated in 2004 and had revenues of over USD 78 million in fiscal year 2011.

The company has invested in development centres in Shanghai Pudong Zhangjiang HiTech Park, Hangzhou Binjiang HiTech Park, Beijing China Oversea Plaza, a sales office in Hong Kong and a global education centre in Jiaxing Science city.

Infosys China employs over 3,300 people in China and has already invested USD 23 million in capital and has office space for 4,200 people in China, the statement said.

Infosys to start new campus in Shanghai, to invest $125-150 million - The Times of India

 

[indushek]

lol you are paying too much attention to this forum.

Guess what? It's not worth it.

Policies are never made by know-it-all armchair generals least of all foreign policy and that too by teenagers who have a far less parochial, hot-headed and emotional weltanshauung.

Yeah but the problem is we have to deal daily with these generals only!!!!!

 

[The HBS Guy]

Yeah but the problem is we have to deal daily with these generals only!!!!!

Q- Does that matter?

A- NO!

 

[Yeti]

1st India-China strategic economic talks



NEW DELHI: Taking a leaf out of the US-China relationship, India and China are preparing to launch their first strategic economic dialogue in end-September. Montek Singh Ahluwalia, deputy chairman of the Planning Commission, will lead the strategic economic dialogue with China, with the aim of increasing Indian investment in China and addressing a burgeoning trade deficit. Ahluwalia's counterpart in the dialogue will be the head of China's National Development and Reform Commission (NDRC).

India is also getting ready to welcome Xi Jinping, who will take over from Hu Jintao in 2012 as the next president of China. Xi has indicated he will visit India sometime this year, though officials said no dates have yet been finalized. India wants to engage with China's next leader to not only get a feel for the man and his mission, but also sensitize him on India's own interests and concerns.

Separately, Dai Bingguo, China's special representative for boundary talks, is scheduled to come to Delhi for the next round of border talks with national security adviser, Shivshankar Menon, sometime in October, sources said. This will be the 15th round of talks, and the two sides continue to be bogged down in working out a "framework" for map-making on the border.

On the economic front, while the India-China bilateral trade is expected to hit $70 billion this year, New Delhi is hoping to get China warm up to the Indian pharma sector, which remains off-limits to Indian business. India also hopes to invite Chinese investment at home in some sectors. One of Ahluwalia's main jobs as the India-China economic czar in UPA-II will also be to coordinate different ministries' engagement with Beijing.

China, sources said, is steadily increasing its business presence in India. By giving Indian businesses like Reliance, Tatas, Adanis huge suppliers' credit, China's banks are seen to have a greater influence on these big Indian companies. While nobody can object to suppliers' credit, per se, there is a growing disquiet in the Indian system about these companies' exposure to China and what that might mean in the future.

The Indians are also interested in getting a better view of China's new frenzied buying up of sovereign debt in crisis-hit European economies like Portugal, Spain and Greece. India would want to see what it would mean for Chinese influence in Europe and whether it might have any implications for India in the future. India has started its own efforts to bail out some European countries' debt, but obviously it's nowhere close to the kind of deep pockets that Beijing has.

The strategic economic dialogue will aim to get a better view of the medium-term prospects of both economies and whether ongoing political problems in the Asian powerhouses will have any sustained impact on economic growth.

 

[muse]

India can change the entire dynamic it has with China, by suggesting that All Indian ports are open to China and that all Indian roads from the border are open to China and that China should grant the same to the Indian.

On the other hand, there seems to be a "me too" fixation, witness:

India has started its own efforts to bail out some European countries' debt, but obviously it's nowhere close to the kind of deep pockets that Beijing has.

Isn't that might white of our Indian friends -- So it is a "general good" to bail out European economies???? And does charity not begin at home??

Somebody take a bat to these kinds ideas - pleez.