China for free trade agreement with India

Source : ANI
Last Updated: Wed, Nov 28, 2012 15:10 hrs

China is very keen to have free trade agreement with India to strengthen further the economic cooperation and trade.

This was revealed by a key member of the Chinese delegation which is in Delhi to brief about the changes effected during the recent 18th Communist Party Congress in Beijing.

Speaking at an interaction on "Implications of the Change in Leadership in PRC: Internal and External Dimensions" at Observer Research Foundation on Wednesday, Mr. Zhang Yansheng, Secretary General, Academic Committee, National Development and Reform Commission, said both the countries "should consider a Free Trade Agreement at the right time" to strengthen further the economic cooperation between the two most populous and fastest developing countries of the world.

Noting that already the two-way trade between China and India is around 73.9 billion US dollars, he said this would also help to achieve a model for South-South cooperation and greater role for both the countries in the global economy.

He said China is for "a new type of global partnership" and India and China can work together.

Mr. Zhang Yansheng said China is shifting from investment and exports driven market to innovation driven market to double the GDP as well as the per capita and residential income of its people.

He said the role of the government is also being shifted to focussing on providing public service, national security and social stability.

Mr. Huang Huaguang, Director General, Research Office, International Department of the CPC, said "the world is not as stable as we want and expect. There are many problems. Global financial crisis has brought many risks and uncertainty to many countries".

He said we should not overlook the "risks and challenges" and hegemony of politics and interventions through force or threat of force.

"We don't think it is possible to deal with it under existing order," Mr. Huang Huaguang said at the ORF interaction, calling for reforms in the financial system so that globalisation can be universally beneficial".

He said China is for equal status to all countries irrespective of their size or wealth and added that China wants development control under the UN and democratic world order.

Describing the rapid rise of India and China as a world phenomenon as they are the most populous countries in the world, Mr. Huang Huaguang said both the countries should strengthen strategic communication and coordination and improve economic and trade cooperation and people-to-people contacts.

"At different and various world fora, we should work together to build a new type of international relations and further development and better global governance," he said.

Mr. Li Junru, leader of the delegation and former Vice President, Central Party Schgool of the CPC, said China is working to double GDP by 2020 and per capita and residential income by 2030 from what it was in 2010.

He said the 18th Congress has also decided to shift the focus to more harmonious development between man and nature while continuing to work harder to improve the life of common people with emphasis on more inclusive growth and better facilities to rural people. He said they would strengthen public undertakings as well as commercial industry.

He said China is planning to complete industrialisation by 2020 and modernisation by 2050.

At the interaction, chaired by Dr. C. Raja Mohan, Head of ORF Strategic Studies, Mr. Li Junru removed apprehensions that a rising China can be a threat to other countries or "existing super power America or existing world order". "We want a new mode of development where the rise of China will help to build a harmonious world of lasting peace common prosperity," he said, asking everyone to see the commitment made by the party to the people at the Congress. (ANI)

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