1. In the past six months, Chinese President Xi Jinping and Indian Prime Minister Narendra Modi attended the SCO and BRICS Summits together and had a candid and in-depth exchange of views on current China-India relations and other issues of shared interest on the sidelines of the BRICS Summit. President Xi stressed that improving China-India relations serves the common interests of the two countries and peoples, and is also conducive to the peace, stability and development of the world and the region.
The two sides should bear in mind the overall interests of the bilateral relations and properly handle the border issue so as to jointly safeguard peace and tranquility in the border areas. The leaders of the two countries reached an important consensus that “China and India should not be a threat to each other, but an opportunity for each other’s development”, and “be cooperation partners to each other instead of being competitive rivals”, which has pointed out direction for our bilateral relations.
Furthermore, Chinese Premier Li Qiang attended the 18th G20 leaders’ Summit in New Delhi in September. The Chinese side also actively attended other meetings held by the Indian side within the framework of the SCO and G20, and played a constructive role to make the two events achieve success. China stands ready to work together with India, under the guidance of the important consensus reached by the leaders of the two countries, to push the China-India relations back to the track of sound and steady development at an early date.
2. China remains committed to the fundamental national policy of opening up to the outside world and pursues a mutually beneficial strategy of opening-up. We believe that development holds the master key to solving all problems and economic globalization should develop in a more open, inclusive, balanced and beneficial way to all directions.
According to Chinese statistics, as of the end of 2022, China’s outward FDI stock in India reached 3.48 billion US dollars. In the first 11 months this year, the bilateral trade volume between China and India reached 124.27 billion US dollars, ranking high among major Asian countries, and China’s imports from India grew by 4.6% year-on-year. This data fully demonstrates that the competitiveness of Indian goods has further improved in China, our two economies are highly complementary, and the development of China-India economic and trade cooperation is a common aspiration of the two peoples.
China and India are important neighbors to each other, both are ancient civilizations, largest developing countries and emerging economies. Together we can contribute more to promote peace, stability and development of the world. The Chinese market is open to India. We hope that China and India will continue to deepen economic and trade cooperation, promote bilateral trade facilitation and provide a fair, just and non-discriminatory business environment for each other’s enterprises.
Courtesy: Embassy of the People’s Republic of China, New Delhi