India and
China have signed numerous deals in areas including renewable energy, ports,
financing, telecommunications and film. The trade deal between the two Asian
neighbours is reportedly worth billions.
Deutsche Welle, 16 May 2015
China and
its largest trading partner, India, have signed agreements worth more than $22
billion (19 billion euros) in Shanghai on Saturday.
Indian
embassy official Namgya C. Khampa said "the agreements have a bilateral
commercial engagement in sectors like renewable energy, industrial parks,
power, steel, logistics finance and media and entertainment."
During
Saturday's deal signing ceremony, visiting Indian Prime Minister Narendra Modi
told executives from over 200 Chinese and Indian companies that "now India
is ready for business."
Modi is on
the final-day of a three-day trip to China where the nationalist leader has
moved to engage with Beijing since his election last year.
The dual
trading partners have two-way commerce totaling $71 billion.
Relations
between the world's two most populous nations are soured by a long-standing
border dispute that saw Beijing and New Delhi fight a brief war in 1962.
On Friday,
Modi told Chinese Premier Li Keqiang that Beijing must “reconsider its approach” to bi-lateral relations.
jlw/bw (Reuters, AFP)
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The selfie
of Chinese premier Li Keqiang, left, and Indian prime minister
Narendra Modi,
Beijing, May 15. (Internet photo)
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Xi Jinping,
left, and Narendra Modi visit the Da Ci'en Temple, May 14. (Photo/CNS)
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