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Updated: May 21, 2013 20:04 IST

China to open markets to India, Li says

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Chinese Premier Li Keqiang.
The Hindu
Chinese Premier Li Keqiang.

Chinese Premier Li Keqiang on Tuesday said India and China have the “wisdom” to find mutually acceptable solution to the boundary problem and the two countries have not shied away from addressing the vexed issue.

Mr. Li also said China will support its enterprises to increase investments in India and help Indian products have access to Chinese market as he supported a favourable trade balance in a bid to decrease mounting bilateral trade deficit.

A day after two rounds of talks with Prime Minister Manmohan Singh, Mr. Li said China has the intention to “sincerely” resolving the pending issues, including that of cross-border rivers, and favoured increased bilateral relations between the two big neighbours.

Supporting a favourable trade balance and seeking to decrease trade deficit between India and China, he said Beijing will support Chinese enterprises to increase investments in India and help Indian products have access to Chinese market.

Addressing the Indian industry at a function organised by FICCI in Delhi, the Chinese Premier said cooperation between the two big neighbours will lead to a “new paradigm” of cooperation.

“India and China have not shied away from addressing boundary question, have wisdom to find a fair and mutually acceptable solution...We have been able to put all issues on the table,” he said.

He also quoted a Chinese proverb — a distant relative may not be useful as a near neighbour — to emphasise on the relations between the two neighbours.

Invoking ancient relations between the two, he said, “We will be able to take the bilateral relations to new heights. We have launched a new agenda...taking India-China relations to a new starting point for further growth,” he said.

“We are one-third of world’s total population and our interactions attract the world. Without doubt, China-India relations are most important global relations,” he said.

Stressing on the need for increased people-to-people interaction between India and China, Mr. Li declared 2014 as the year of exchanges between the two nations “so as to boost our understanding and friendship”.

Mr. Li favoured peace and stability in the South-East Asia region and hoped the “relevant issues” will be resolved soon.

“We have also discussed issues of regional security. We hope there is peace and stability in South Asia and a stable South-East Asia is consistent with China’s interests,” he said.

On India-China trade relations, Mr. Li said it is imperative for the two countries to maintain a “dynamic trade balance”.

“India and China are huge markets with huge potentials...we will support Chinese enterprises to increase investments in India and help Indian products have access to Chinese market,” he said.

While striving to realise the trade turnover target of USD 100 billion by 2015, the two countries agreed to take measures to address the issue of trade imbalance. These include cooperation on pharmaceutical supervision, including registration, stronger links between Chinese enterprises and Indian IT industry, the joint statement said.

Mr. Li said peaceful co-existence between India and China will be of global significance and they should seek cooperation from not afar but closely.

The cooperation between the two countries will induct a “new dynamism” in its relations, he said.

Noting that China is still a developing country, he said, “I want the voice of developing countries to be stronger. China and India are linked to each other through natural boundaries. Our friendly relations date back to ancient time.”

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Indian media i beleive is too sensitive and proactive in bringing down the conclusion regarding any developing issue..although india must tread with all caution with china but its the obvious humility and friendliess of chinese premier visible through his remarks of wisdom and broad vision about developing best possible bilateral relations..there is nothing kept in locking horns..i draw a lot of encouragement wen he says every single issue can be solved with talks..and kudos to our political leaders for having this mature and broader understaning .

from:  Ashish Kumar
Posted on: May 22, 2013 at 00:20 IST

Why China is repeatedly iterating that Aksai Chin (presently under
Chinese control) and Arunachal Pradesh (as north western and south
eastern extensions of Tibet respectively) is part of Chinese

The main cause of this claim lies with the India's acceptance of Tibet
as integral part of China which is absolutely wrong assumption. In
fact, historically, Tibet was never a part of China it was autonomous
Bidhhist region. But China forcefully occupied that peaceful
autonomous region and pressing India to accept loudly, Tibet as part
of China. The day India will firmly accept the truth that Tibet was an
Autonomous Territory of Budhhist people and it should be returned to
Budhhist refugees, China will forget Aksai Chin and Arunachal Pradesh.

China could not be balanced with trade only which today India believes
deeply as Nehru believed in "Hindi Chini Bhai Bhai". There is need of
much more balancing factors and TIBET is one of them.

from:  C P Sharma
Posted on: May 21, 2013 at 23:26 IST

This is not the first time a chinese leader spoke wisely but the chinese
government did something completely different.

No point in talking without actually delivering.

from:  Santosh
Posted on: May 21, 2013 at 21:07 IST

With a $40+ billion dollar trade gap between the two countries in China’s favor, It is pretty evident India has little to offer China and China has a lot to offer India. We are not going to bridge this gap by exporting buffalo meat or such minor commodities. Protectionism is the need of the hour, as anachronous as the idea may sound, increased trade will only widen this gap. India is not at the same economic level as China at the moment and hence It needs to work on developing and getting to a point where we can compete with them on a level playing field before trading freely with them.

from:  Arvind Pushpanathan
Posted on: May 21, 2013 at 20:29 IST

In the changing 21st century world scenario, business like diplomacy is only successful and sentimental postures must always give way to pragmatic outlook & action.

from:  Vyas K Susarla
Posted on: May 21, 2013 at 18:14 IST

It seems more of a reality that the new Premier of China wants to
have better relation with India. This is definitely because they
are aiming for some benefits which is unavoidable for them from
India. India should take this opportunity to bring China in line
with our country's interest, by ignoring once a convict is not
always a convict.

from:  anilendran menon
Posted on: May 21, 2013 at 15:46 IST

It will not benefit the peoples of the two countries if they seek to "beggar" each other through strife and rivalry. Although, it might benefit a third party which may wish to see conflict between these two neighbors, the thinking leaders of these two peoples ought to realize that their job is to provide a better living standard for their people through peace and cooperative joint development.

from:  peter teo
Posted on: May 21, 2013 at 15:17 IST

It is a positive approach to tighten the relationship between India and

from:  Noufel N Backer
Posted on: May 21, 2013 at 14:31 IST

Mr. Balram Rathod, when their actions spoke in Ladhak, we ran for cover.

from:  Suhail Kapoor
Posted on: May 21, 2013 at 14:12 IST

Your excellency Li Keqiang, Indians are now lot more informed lot and dont live in a Nehruvian hindi chini bhai bhai dreamworld. Actions should speak not words.

from:  Balram Rathod
Posted on: May 21, 2013 at 12:43 IST
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