China, India to make new engines for world economy

Premier Li Keqiang and Indian Prime Minister Manmohan Singh discussed bilateral ties during their meeting in New Delhi on Sunday. The two leaders stressed that China and India will develop new engines for world economic growth.

A new diplomatic beginning to shore up economic ties.

During the meeting with Singh, Li said China and India will work together to foster new areas in cooperation among Asian countries, and create new engines for the growth of the world economy.

China and India will also join hands to tap their market demands for Asia and other parts of the world, and forge ahead their strategic cooperative partnership.

Premier Li also said the aim of his visit is to showcase the increasing political mutual trust between China and India.

He added that common interests between the two countries are larger than the differences, and the two sides are expanding their pragmatic cooperation.

For his part, Singh said India is very glad that Premier Li picks India as the first stop of his maiden trip abroad.

China and India are cooperative partners rather than competitors.

Singh said India will cooperate with China to expand their economic cooperation, and to manage and control border disputes.

Premier Li Keqiang arrived in New Delhi Sunday afternoon.

The three-day visit will see Li and Singh witness the signing of several agreements between the two sides.

A joint statement will be issued that will chart the course for China-India relations in the coming years.

Premier Li took a business delegation with him, comprised of executives from the banking sector, power generation equipment makers and telecom companies looking to strike deals during the visit.

With economic cooperation key to each other's well-being and the world's economy, the two biggest emerging economies will make concerted efforts to address challenges in restructuring the global financial order.