India, China agree to 'properly address' economic and trade concerns in a balanced manner
China's Commerce Minister Wang Wentao met with India's Piyush Goyal in Delhi. Both nations aim to implement leader consensus and expand mutually beneficial cooperation. They will address economic and trade concerns in a balanced manner. This engagement seeks to better benefit enterprises and people of both countries. India is considered an important neighbor by the Chinese government.
Indian Commerce Minister Piyush Goyal and Chinese counterpart Wang Wentao convened on Monday to finalize an agreement on how to address economic and trade matters. This meeting occurred in the wake of discussions between Prime Minister Narendra Modi and Chinese President Xi Jinping at a BRICS Summit on the sidelines of which the two leaders had reached a consensus.
In a bilateral meeting held on Saturday, the leaders pledged to expand mutually advantageous cooperation in the economic and trade sectors, ensuring a balanced approach that benefits businesses and citizens in both nations. Yu Jing, a spokesperson for the Chinese Embassy in India, conveyed this information on X. According to Xu Feihong, a spokesperson for the Chinese Embassy, President Xi emphasized that China approaches India with a long-term strategic perspective, urging both countries to view each other as partners rather than rivals.
President Xi highlighted the importance of "objective and rational strategic perception" of their relationship and urged both sides to leverage each other's strengths while supporting one another in pursuing shared development. Xi pointed out that institutional exchanges between the two countries had gradually resumed over the past two years, with cooperation expanding and bilateral trade reaching a new peak.
He called for increased people-to-people exchanges and direct flights to improve public perceptions, while addressing economic and trade concerns in a balanced manner. President Xi also stressed the need for mutual respect, understanding, and progress on the boundary issue, calling for peace and tranquility in border areas. Both sides were urged to support each other's BRICS chairships and work together to address global challenges, emphasizing the responsibility of the two most populous countries and important Global South members to contribute to world peace, stability, development, and prosperity.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
