China and India should always be partners and friends.

“China and India should always be partners and friends. We should never be rivals. We should tell this to everyone.”

H. E. Wen JiabaoPremier of the State Council of the People’s Republic of China

'' We should work together to hit the target of US$100 billion in two-way trade by 2015. During my visit, the business communities of the two countries have signed over 40 economic and trade cooperation
agreements with a total value of over US$16 billion. Before that, the Shanghai Electric Group of China and other two Chinese companies signed with their Indian counterparts contract of 59 coal-fired power
generating units worth up to US$8.3 billion. These units are installations of efficient and clean energy. During this visit, China has agreed to provide over US$4 billion in buyer’s credit for the implementation of
this project. A number of well-known Indian businesses have obtained considerable orders from the Chinese procurement mission. All this shows that our business cooperation enjoys huge potential and broad
prospects. China understands India’s concern over the bilateral trade imbalance. We are ready to take measures to facilitate access of Indian IT products, pharmaceuticals and farm produce to the Chinese
market. Meanwhile, our two sides should handle appropriately trade frictions, oppose all forms of protectionism, and jointly create conditions for the launch of regional trade arrangement negotiations. ''
= Working Together for New Glories of the Oriental Civilization
Address by H. E. Wen JiabaoPremier of the State Council of the People’s Republic of ChinaAt the Indian Council of World Affairs
New Delhi, 16 December 2010 9 (MORE)