2nd Meeting of India-China Strategic Economic Dialogue begins

NEW DELHI, Nov. 26 (Xinhua) -- Indian and Chinese officials Monday called for expanding economic and trade cooperation between the two countries, amid lingering economic recession in the world.

At the Second Meeting of India-China Strategic Economic Dialogue held in the Indian capital, Zhang Ping, Chairman of the National Development and Reform Commission of China, said the two countries should expand communication and coordination of their macro-economic policies, learn from each other's 12th five-year plan of economic development, seek cooperation in basic economic structure, encourage investment in each other's country, look for green economic cooperation.

He said the two countries are expanding the dialogue not only from communication of economic policy but to a platform of economic and trade cooperation.

Montek Singh Ahluwalia, vice chairman of the economic planning commission, said the India-China economic cooperation is still a new inventive with huge potentials. He said the two countries should overcome information deficit in economic fields and seek the most feasible sector of cooperation first such as water- recycling, digital science and micro-irrigation.

The first meeting of China-India strategic economic dialogue was held in September last year in Beijing, after Chinese Premier Wen Jiabao and Indian Prime Minister Manmohan Singh agreed to launch such dialogue in 2010.

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