NEW DELHI: India and China have agreed to cooperate on sourcing energy from international markets, construction of high-speed railway and development of coastal manufacturing zones as the two fastest growing economies look to boost growth.
The 4th India-China Strategic Economic Dialogue on October 7 agreed on a number of initiatives for mutually beneficial growth.
The Indian side at the dialogue was led by Arvind Panagariya, vice-chairman of National Institution for Transforming India and the Chinese side was led by Xu Shaoshi, Chairman of National Development and Reform Commission.
According to the minutes of the meeting released on Thursday, the two sides called "for a joint strategy to meet the rising energy demand through appropriate policy measures and efforts in the international energy markets."
They also agreed to adopt new theme of closer cooperation on coastal manufacturing zone development by encouraging projects in areas like infrastructure, automobile, energy and electronics in next one year.
The two nations "agreed to push forward the feasibility study on Delhi-Nagpurhigh-speed railway and construction of Delhi-Chennai high-speed railway," it said.
What the f... why give business to Chinese firms ..... Why not give business to Japan and let the Chinese firms sink to death bed. China blocks our NSG membership, it puts the technical hold on a terrorist to be declared terrorist, blocks tributary of Bhramputra, openly supports Pak, violates loc on eastern border. India should have instead given a strong message to China that if it wants to do business with India then it should show maturity and support India''s interests.
The more China is invested in India, the more they will be a supporter of India, otherwise it will hurt their investments in India. So it is better to have investments rather than conflict like situation. Also China is militarily a stronger power because they have been economically doing a better job over the last decade. That has allowed them to build up a strong defense while India is still catching up economically. So I would welcome the Chinese investments and Indian companies should invest in China as well. It makes the world a safer place.
China wants money from India to fund Pak nuclear programs and terrorists.
China is a Power to Recon & India cannot Ignore!!!
If China wants to use and throw us because of silk road permissions smoothness. Then, we also use and throw them.