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Sino-Indian strategic economic dialogue held in New Delhi

11-26-2012 20:07 BJT

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The world's two fastest growing economies, China and India, have begun the second round of their strategic and economic dialogue in New Delhi. The dialogue was held between Zhang Ping, Minister of China's National Development and Reform Commission and Montek Singh Ahluwalia, vice-chairman of the Indian Economic Planning Commission.

Zhang says the two sides should expand coordination on macro-economic policy-making, and encourage bilateral investments. Up to 10 agreements between Indian and Chinese companies are expected to be signed, covering infrastructure projects and the exchange of technological know-how. India is looking to Chinese expertise and technology to develop 6 high speed rail corridors.

The first Sino-Indian strategic and economic dialogue was held in Beijing last year. Last year, bilateral trade between the two big Asian economies hit a record high of over 73 billion US dollars. That’s a year-on-year growth of 16%. A higher target has been set to reach 100 billion US dollars of bilateral trade by 2015.


Editor:Bai Yang |Source:

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