China, India Vow To Deepen Cooperation At 6th Strategic Economic Dialogue Held In India

NEW DELHI, Sept 10 (NNN-PTI) – The Sixth China-India Strategic Economic Dialogue, and the China-India Economic Cooperation Forum, were held here on Monday, with both sides exchanging views on macroeconomic policies and reaching consensus in pragmatic cooperation.

During the dialogue, China and India reviewed progress of the working groups and exchanged views on the macroeconomic situation and bilateral pragmatic cooperation between the two countries.

The Chinese side, headed by He Lifeng, head of the National Development and Reform Commission (NDRC), noted that, cooperation between China and India will help each other in economic development and contribute to peace, stability and prosperity in Asia and the world.

Since the establishment of the China-India Strategic Economic Dialogue Mechanism, various departments and major financial institutions and enterprises from the two countries have actively participated in the process which has resulted in a series of achievement.

Looking to the future, China and India should continue to enhance policy coordination, strengthen complementary advantages, deepen pragmatic cooperation in various fields, and promote implementation of concrete project, the Chinese side said.

The Indian side, headed by Rajiv Kumar, vice chairman of the National Institution for Transforming India (NITI Aayog), said, the Indian government is vigorously promoting reforms, improving the business environment and infrastructure, and Chinese companies are welcome to invest in India’s infrastructure, housing, logistics, smart cities, manufacturing and other fields.

At the forum, the Chinese side said, China will unswervingly pursue an open and win-win strategy of mutual benefit, create a favourable business environment, actively expand imports, further promote interconnection, deepen multi-lateral economic and trade cooperation, and promote regional development and common prosperity.

The Indian side hopes to learn from Chinese companies’ experience in manufacturing, human resources and management, and strengthen cooperation on manufacturing, service, tourism, and circular economy.

The China-India Strategic Economic Dialogue Mechanism, established in Dec, 2010, is an important platform for the two countries to exchange macroeconomic policies and promote pragmatic cooperation. The previous five dialogues were held alternatively in Beijing and New Delhi in 2011, 2012, 2014, 2016 and 2018.– NNN-PTI