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India, China vow to boost economic ties

11-26-2012 17:20 BJT

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India and China have agreed to expand communication and coordination of their macro-economic policies in order to boost economic relations between the two countries.

The agreement was reached on Monday in New Delhi at the Second India-China Strategic Economic Dialogue. Minister of China’s National Development and Reform Commission Zhang Ping stressed that the two countries have huged cooperation potential. Vice Chairman of India's Economic Planning Commission, Montek Singh Ahluwalia, said the two countries should seek the most feasible cooperation in sectors such as water-recycling, digital science and micro-irrigation.

In the past decade and a half, India-China trade volume has risen by 3 billion US dollars to 74 billion US dollars, largely driven by China’s project exports to India, particularly in the infrastructure sector.

Indian and Chinese officials Monday expressed hope that India and China can intensify bilateral cooperation to enhance each other's economic development amid lingering world's economic recession at the Second Meeting of India-China Strategic Economic Dialogue.


Editor:Lu Jiaying |Source:

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