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SED to focus on mutually beneficial cooperation: China

Tuesday, 20 November 2012 - 5:53pm IST | Agency: PTI
Ahead of the Sino-India Strategic Economic Dialogue to be held in New Delhi next week, China has promised to encourage its firms to invest in Indian infrastructure projects and to expand "mutually beneficial cooperation".

Ahead of the Sino-India Strategic Economic Dialogue to be held in New Delhi next week, China has promised to encourage its firms to invest in Indian infrastructure projects and to expand "mutually beneficial cooperation".

Stepping up cooperation in the infrastructure projects had figured during yesterday's meeting between Prime Minister Manmohan Singh and his Chinese counterpart Wen Jiabao on the sidelines of ASEAN meeting in Phnom Penh, Chinese Foreign Ministry spokesperson Hua Chunying told reporters here today.

Hua quoted Wen as telling Singh that "the Chinese government will continue to encourage reputable Chinese enterprises to invest in Indian projects".

Also, the second Strategic Economic Dialogue (SED), to be held on November 26 between Vice Chairman of the Planning Commission Montek Singh Ahaluwalia and Chairman of China's National Development Reform Commission (NDRC), would focus on stepping up cooperation in a variety of economic and development projects, Hua said.

"Representatives from government agencies, enterprises, financial and research institutions will be present at the dialogue and carry out discussions and exchanges on stepping up multi-tiered and multi-type cooperation in economic fields", she said.

The talks would focus on "stepping up communication and coordination of macro economic policies, deepening and expanding mutually beneficial cooperation in investment, infrastructure, high technology and energy conservation and environmental protection," she added.

"The dialogue is an important consensus reached between Wen and Singh in December, 2010. The purpose of the dialogue is to step up coordination on macro economic policies, enhance exchanges and interaction and jointly tackling economic problems in the course of economic development", she said.

The first SED was held here in September last year.

Since then both sides have conducted a series of high level group discussions on a number of projects including large scale Chinese participation in Indian infrastructure projects.


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