India and China on Tuesday agreed to strengthen bilateral cooperation in trade and investment, and to seek opportunities to promote Chinese investments
in the Indian economy.
The two countries also exchanged views on policies and measures to address the challenges for attaining sustainable growth, and held in-depth discussions on sharing experiences and best practices in the areas of electric mobility, clean energy, higher education and Special Economic Zones (SEZs).
The issues came up for discussion during the third edition of the DRC-NITI Aayog
Dialogue between India's NITI Aayog
and China's Development Research Council, held in Beijing.
During the meeting, the two sides agreed that amid global uncertainty and weak global growth, "the two large and rapidly growing developing countries had a major stake in the path that the global economy
is likely to take in coming years".
"The DRC-NITI Dialogue provides an important platform for both sides to discuss key macro-economic issues impacting both countries and areas of mutual interest.
"The third dialogue enabled an in-depth interaction between the two delegations on the world economic prospects, India-China economic cooperation and practices for sustainable growth," said a statement from the NITI Aayog.
"The importance of pursuing balanced and sustainable bilateral trade was noted and opportunities for promoting Chinese investments
in the Indian economy
were highlighted," it added.
The two sides also agreed that the fourth NITI Aayog-DRC
Dialogue will be held in India next year.