JayAtl
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BEIJING: China should accede to India's demand of opening up its huge IT and pharma sectors to it, an official think tank has suggested, arguing that Beijing should make efforts to bridge mistrust with it given that India is yet to completely ally with the US.
A scholar of the state-run Shanghai Institute of International Studies said in an article today that certain frictions in bilateral ties notwithstanding, the two emerging powers had extensive common interests in global affairs and should rise above "narrow-minded confrontation".
"Although it has become more pro-US, India will not abandon strategic autonomy to ally with the US," the article published in the state-run Global Times said today.
"The Sino-Indian relationship is in essence a competitive symbiotic relationship. China's development and rise is prerequisite for India's rise," it said.
It significantly suggests that China should further open its information and pharmacy sectors to India to boost mutual investments by enterprises of both sides.
India has been pressing China hard to open its IT and pharma sectors, in which it is on strong foot, to enable it to bring down the burgeoning trade imbalance between the two countries.
The bilateral trade last year touched about USD 74 billion but the trade deficit shot up to USD 27.07 billion, even though Indian exports to China marginally increased.
Chinese leaders have been promising to open up IT and pharmaceutical sectors to Indian companies but Indian trade officials say despite numerous campaigns conducted by India in various cities to highlight the advantages, there has not been much movement on the ground.
The article said China and India should enhance strategic mutual trust and make full use of cooperative platforms like BRICS, G20, and Shanghai Cooperation Organisation (SCO) to promote international financial system reform, solving climate change and the Afghanistan problem.
"China and India should also strengthen cultural exchanges to promote both countries' civilisations and values spreading around the world. These actions could help deepen mutual trust and realise the common rise of both countries," it said.
The lengthy piece admitted that there were certain problems in Sino-Indian relations.
"But as two emerging powers in Asia, China and India share extensive common interests in many global affairs, such as reform of international systems, climate change, and regional economic cooperation and security
China should open up IT, pharma to India: think tank - The Economic Times
A scholar of the state-run Shanghai Institute of International Studies said in an article today that certain frictions in bilateral ties notwithstanding, the two emerging powers had extensive common interests in global affairs and should rise above "narrow-minded confrontation".
"Although it has become more pro-US, India will not abandon strategic autonomy to ally with the US," the article published in the state-run Global Times said today.
"The Sino-Indian relationship is in essence a competitive symbiotic relationship. China's development and rise is prerequisite for India's rise," it said.
It significantly suggests that China should further open its information and pharmacy sectors to India to boost mutual investments by enterprises of both sides.
India has been pressing China hard to open its IT and pharma sectors, in which it is on strong foot, to enable it to bring down the burgeoning trade imbalance between the two countries.
The bilateral trade last year touched about USD 74 billion but the trade deficit shot up to USD 27.07 billion, even though Indian exports to China marginally increased.
Chinese leaders have been promising to open up IT and pharmaceutical sectors to Indian companies but Indian trade officials say despite numerous campaigns conducted by India in various cities to highlight the advantages, there has not been much movement on the ground.
The article said China and India should enhance strategic mutual trust and make full use of cooperative platforms like BRICS, G20, and Shanghai Cooperation Organisation (SCO) to promote international financial system reform, solving climate change and the Afghanistan problem.
"China and India should also strengthen cultural exchanges to promote both countries' civilisations and values spreading around the world. These actions could help deepen mutual trust and realise the common rise of both countries," it said.
The lengthy piece admitted that there were certain problems in Sino-Indian relations.
"But as two emerging powers in Asia, China and India share extensive common interests in many global affairs, such as reform of international systems, climate change, and regional economic cooperation and security
China should open up IT, pharma to India: think tank - The Economic Times
