The Sixth China-India Strategic Economic Dialogue and the China-India Economic Cooperation Forum were held in New Delhi on Monday, with both sides exchanging views on macroeconomic policies and reaching consensus in pragmatic cooperation.
During the dialogue, China and India reviewed the progress of the working groups and exchanged views on the macroeconomic situation and bilateral pragmatic cooperation between the two countries and reached broad consensus.
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.
The working groups have strengthened communication and exchange of views in the areas of policy coordination, infrastructure, energy conservation and environmental protection, high technology, energy and medicine, and reached a new consensus on cooperation.
Looking forward 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 that 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.
The Indian side said the two economies are complementary rather than competitive, so the two countries should continue to enhance mutual trust, focus on achievement, solve problems, and create more favorable conditions for cooperation between enterprises.
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 stated that India-China cooperation will inject strong momentum into world prosperity and stability, strengthen interaction and exchanges between the governments, enterprises and people of the two countries, and help build a strong and dynamic bilateral relationship.
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 December 2010, is an important platform for the two countries to exchange macroeconomic policies and promote pragmatic cooperation. The Chinese side is led by NDRC while the Indian side is led by NITI Aayog. The previous five dialogues were held alternatively in Beijing and New Delhi in 2011, 2012, 2014, 2016 and 2018.