China and India Should Synergize Development Strategies and Share Governance Experiences
China and India are neighbours that cannot be moved away. We are the most populous and largest developing countries. We have shared historic glory of friendly interactions. We also have pending boundary issues. Our relations are so multifaceted and complicated, calling for special care and attention,' said Chinese Ambassador Luo Zhaohui in a seminar jointly organized by the Chinese embassy in India with the Delhi-based Institute of Chinese Studies and FICCI on 18 June 2018 in New Delhi.
He added, 'From the perspective of domestic development, both countries are at the critical stage of economic development, deepening reform, and advancing modernization. Socialism with Chinese characteristics has entered a new era. The Chinese people are pursuing the Chinese dream. In the meantime, India puts forward a vision of “New India”. We should synergize the development strategies and share governance experiences.'
The ambassador said that from the global perspective, in recent years, the developing countries represented by China and India have emerged as a group, contributing to the ongoing 'rise of the East' in the transforming world. Against the backdrop of antiglobalization and rising protectionism, China and India, as major emerging market economies, are faced with the pressure of established powers. We should coordinate our positions and also explore ways to be with each other.
Amitabh Kant, CEO, NITI Aayog, said that India's import from China increased by 50 per cent in the last four years. We imported about $76 billion in 2017-18. We exported just about $13.3 billion, which is approximately 3.4 per cent of India's export basket. India must make a push for Chinese companies to come and manufacture here, and the strategy must be – produced by China, but made in India. Kant added that Prime Minister Narendra Modi and Chinese President Xi Jinping have set the direction for bilateral ties and now, it is up to the people and companies of both the nations to take it forward. Modi had visited Wuhan to meet Xi Jinping on 27-28 April 2018 to exchange views on issues of bilateral and global importance.
Kant said that if you were to pursue a policy that would encourage many Chinese companies, provide them easier handling, and ensure them a plug-and-play facility, so that they don't have to run around getting clearances. We should give them land, electricity, so that they can bring the size and scale to manufacture in India, to enable us to do large-scale production and penetrate global markets from here.
Later, while moderating a session on 'Practical Cooperation', Dilip Chenoy, Secretary General, FICCI, said that the meeting between India's Prime Minister Narendra Modi and Chinese President Xi Jinping in Wuhan was a new starting point in China-India relationships. He added that experts were now referring to this meeting as a new milestone for the two countries.
During the day, sessions on Strategic Communication, Practical Cooperation and Personnel & Cultural Exchanges were held where industry leaders and academicians from India and China shared their perspectives.
Dilip Chenoy, Secretary General, FICCI (extreme right), moderating a session.