3 keys for unlocking India-China economic ties: New Steps, New Horizons

President Xi’s report pointed out the right direction for developing China-India economic and trade relationship. In the future, following the principles of the 19th National Congress of the Communist Party of China, we will use three “keys” to unlock the potential of balanced and mutually beneficial China- India economic and trade cooperation in the “new era”.
With the guidance of our leaders and the guiding principles of the 19th National Congress of the Communist Party of China, India-China economic and trade cooperation will bring real benefits to our governments, business communities and ordinary people. It will become the bedrock and anchor of our bilateral relationship. With the development of this relationship, the day when “China and India speak in one voice, and the world listens” will come soon.

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Rising India & Rising China: A medium-term projection

As two major countries in the Asian region in terms of population, territory, higher economic growth rates and growing aspirations, the role of India and China vis-à-vis each other, and at the regional and global levels, is significant. Medium-term prospects of these two countries point towards relative enhancement in their respective comprehensive national strengths, gradual vanishing of “buffer zones” that existed between the two in the Asian region and a coalescing equation so far conditioned by the “cooperation and competition” dyad. Nevertheless, overall stability in the political relations can be expected between the two Asian powers in the medium term.
Unlike in the past, India is also leveraging a wide variety of diplomatic and strategic partnerships with the US, Japan, Singapore and Vietnam at a time when Beijing is trying to expand its appeal through One Belt, One Road project and cobbling up semi-military alliances with Pakistan and others. At the ideological level, a rising India is increasingly speaking about its democratic experiment as a possible model for others to adopt.Traditionally, this has been a contentious – if not made explicit – issue between India and China in their appeal to Asian, African and South American continents. Thus, the stakes are expected to be high for India’s relations with China in the medium to long-term.

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