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Chinese Premier Wen Jiabao's Visit to India

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Chinese Premier Wen Jiabao, who arrived here today, said he will seek to boost mutual trust and understanding and cement trade and econmomic ties between India and China during his three day stay.

"My current visit is aimed at promoting friendship, expanding cooperation, building on our past achievements and opening up new dimensions for mutual benefit and common development of the two countries," Wen said.

"China-India relations face major opportunities and enjoy broad prospects," the Chinese premier, who is in India on an invitation from Prime Minister Manmohan Singh, said in a written statement, released on his arrival at noon.

He said the two countries are connected by mountains and rivers and enjoy a traditional friendship dating back more than 2,000 years. This year also marks the 60th anniversary of diplomatic ties between the two neighbors, he added.

Furthering economic ties is particularly high on the agenda of Wen's three-day visit.

The premier is accompanied by some 400 Chinese business leaders, including chiefs of top firms like power equipment major Shanghai Electric, metals refiner SinoSteel and telecom gear giants ZTE and Huewei.

Wen's official entourage includes Foreign Minister Yang Jiechi, Communications Minister Li Shenglin, Culture Minister Cai Wu, Director of Research Office Xie Fuzhan, Vice Commerce Minister Gao Hucheng, and Director in the Premier's Office Qiu Xiaoxiong.

Wen will hold official talks with Manmohan Singh on Thursday. The two will also oversee celebrations of the 60th anniversary of diplomatic ties between the two nations. A host of agreements are also on the cards, especially in infrastructure, telecom and energy.

Liang Wenzhao, deputy director of the department of Asian affairs of China's Ministry of Commerce, said bilateral cooperation agreements that are set to be inked on Thursday would cover trade, renewable energy, infrastructure and finance.

Chinese Premier Wen says his India visit will promote friendship
 
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Hmm...It is indeed a critical point for india-china relations.
I wish its start of rule the world together formula for 21st century.
 
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World has enough space for India, China to prosper: Wen Jiabao


NEW DELHI: Rejecting the "dragon" and "elephant" comparison made between China and India, Chinese Premier Wen Jiabao on Wednesday said there is enough space for both the two Asian nations to develop and prosper.

"China and India are partners for cooperation and not rivals in competition. There is enough space in the world for the development of both China and India and there are enough areas for us to cooperate," he said addressing industry leaders of the two countries at a meeting organised by the apex chambers here.

He said some people described China and India as economic competitors and likened them to a dragon and an elephant.

"I don't agree with such a view and I don't think business people agree either," Wen said.

He said both the countries stand to gain from economic cooperation. With a combined population of 2.5 billion, which accounts for two-fifths of the world's population, "We are both in process of rapid industrialisation and urbanisation accompanied by fast and sustainable economic growth."

Making out a case for liberalising bilateral trade (about USD 49 billion till January-October 2010), Wen said, liberalisation of the markets hold huge potential for the domestic markets of the two countries.

"By opening markets to each other, we will be most dynamic economies and can support each other in economic development," he said.

Though China has mooted the idea of free trade agreement, India has not favourably responded considering a huge trade imbalance to Indian industry.

The Chinese Premier is accompanied by a large delegation of business leaders from different sectors, mainly in the infrastructure areas.


World has enough space for India, China to prosper: Wen Jiabao - The Times of India
 
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