first, China and India should see each other as

positive factors in the changing international

landscape. Second, the development of China and
India is an important opportunity for each other.
Third, China and India should view each other's
intentions in a positive, open and inclusive light. The
Wuhan Informal Summit is a historic meeting, which
pointed out the direction for the development of
bilateral relations.

I want to point out that it is normal for neighbours to have

differences. The key is to properly handle differences and find a
solution through dialogue and consultation. Over the past
decades, no single bullet has been fired at the China-India
border area, and peace and tranquility has been maintained.
Boundary question is only part of China-India relations. We
need to keep it in the larger picture of China-India relations and
do not let the boundary dispute affect the normal development
of bilateral relations.
China has never pursued a trade surplus, and the
trade imbalance between China and India is largely
the result of differences in their industrial
structures. China has taken active measures to
increase imports from India, including lowering
tariffs on some Indian imports to China, sending
purchasing delegations to India, and assisting in the
export of Indian agricultural products and
pharmaceuticals to China. Over the past five years,
China's imports from India have increased by 15%.
In the first half of this year, India's trade deficit with
China fell by 13.5% year on year, and its
agricultural export to China doubled over the same
period last year. The box office of Indian films is
twice as much in China as in India. These figures
have shown China's efforts and sincerity in
addressing the trade imbalance. China welcomes
more exports of marketable and competitive Indian
products to the Chinese market. We should broaden
our vision and take more holistic measures such as
increasing mutual investments, encouraging Indian
companies to participate in China International
Import Expo, upgrading Nathula border trade port to
make the pie of cooperation even bigger and
gradually reduce trade imbalance in the process of
cooperation and development of the two countries.

In economy and trade, China has long been India's

largest trading partner and India is China's largest
 trading partner in South Asia. Since the beginning
of the 21st century, trade between China and India
has grown from less than $3 billion
China and India are both ancient civilisations and major developing
countries. In history, Chinese paper making, silk, porcelain and tea were
brought to India, and Indian singing and dancing, astronomy, architecture
and spices were taken to China. Buddhism was introduced into China from
India and had a profound impact on Chinese culture. Chinese Admiral Zheng
He made seven voyages to the Indian Ocean and reached India six times.
This year marks the 70th anniversary of the founding of the People's
Republic of China and the 70th Republic Day of India. Over the past 70 years,
China and India have gone through a similar process of economic and social
transformation. Today, with the fourth industrial revolution in the making,
we still enjoy high complementarity and may explore synergies in our
development strategies.
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