China Daily: China Daily Asia roundtable focuses on China-India co-op

MUMBAI - A high-level and professional forum has discussed how to build China-India businessstrategic and cooperative relationship, and promote the economic development of the twocountries.



More than 30 representatives attended the China-India Business Strategy and CooperationOpportunity Forum in India's financial hub Mumbai on Tuesday, which is hosted by China DailyAsia Leadership Roundtable and India-China association for the promotion of economy andculture.

In the opening ceremony, P.S. Deodhar, chairman of India-China association for the promotionof economy and culture, said India and China should become cooperative partners notbusiness rivals, and the current first priority for the two countries is to seek strategiccooperation.

Zhang Guobao, director of consultancy association for China national energy committee,agreed with what Mr.Deodhar said.

He said China and India has a long-standing cooperation. Though China is widely consideredas the most important investor among many Asian developing economies, in fact, manyinvestment projects are fulfilled with the cooperation between the two countries.

The prospect of mutual cooperation between the two countries is good, especially intelecommunication and finance, which will undoubtedly brings actual benefits to China andIndia, said Zheng Xinli, vice chairman of China Center for International Economic Exchanges.

He suggested that China and India launch and build Asia investment bank and Asia agriculturebank, which is discussed and justified by the Brics, or major five emerging economies, and it willbring about new opportunity for strengthening regional economic cooperation and thedevelopment of the Asian economy as a whole.

When it comes to the problems that Chinese companies always face in India, such as taxationand employee visa, Indian participants brainstormed and came up with new better ways.Moreover, they expressed their willingness to cooperate with Chinese counterparts.

China Daily Asia Leadership Roundtable is established on the success of the China Daily CEORoundtable (established in 2004).

Source: http://www.chinadaily.com.cn/business/2012-11/28/content_15966300.htm