Chinese ambassador to India Zhang Yan has proposed that China and India make more efforts to develop economic ties, but added that trade should not be the only focus in this direction.
At a meeting on China-India relations attended by Indian National Security Advisor S. Menon, the ambassador said the Chinese side is fully aware of the necessity to narrow the trade gap between the two sides in order to ensure the sustainability of bilateral trade cooperation.
"China will take measures to increase the import of Indian products which have market demand in China. But our cooperation should not be limited in trade only," Xinhua quoted the ambassador, as saying.
He suggested that China and India should diversify their trade structure, expand the scope and items, and increase the technical content and added value to the products, while expanding into financial, service and investment sectors.
Yan further said both the countries should initiate policy dialogue and coordinate their economic development strategy in order to ensure steady growth of respective economies, encourage mutual investments, consider free trade or regional trade arrangements, and increase tourism cooperation.
