New Delhi : The Chinese PM Wen Jiabao arrived in India for a ground-breaking visit amidst tensions and apprehensions on the strained border relationship between the two countries.
The visit also marks 18 years of Indo-China friendship and several pacts are expected to be signed. Trade, banking and finance will top the agenda. The Chinese delegation is huge, including businessmen and deals worth $ 20 billion expected to be conducted during the significant visit that will cement friendly relations between geaint Nations of a rising Asia in the present decade ( 2011 -2020)
Meaniningful topics will be highlighted in Jiabao’s visit to the Indian capital. It includes the Jammu and Kashmir stapled visa issue, China’s worrying presence in certain regions within India, unwarranted nuclear support to Pakistan, and also construction of dams on the Brahmaputra that may reduce water supply to Indian border states around Assam.
The visit will herald new trade relations, easing trade restrictions, managing trade surplus, modifying banking laws and working to reduce a huge deficit of India in imports.
Wen Jiabao’s visit comes after Obama’s and Sarkozy’s in succession. India and China can be described as the world’s fastest growing economies. According to industrial estimates Indian economy could leap ahead of Japan by 2014.
India hopes to strengthen relations with China even in the wake of India threatening to snap defence ties with China this year