India, china must compete, cooperate: pm

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TOPIC : India, China must compete, cooperate: PM

Posted on 14 January 2008 at 11:40:00

Prime Minister Manmohan Singh who is on a three-day visit to China addressed the India-China economic summit on Monday.

Singh spoke of increasing trade to China but also hinted that it needed to simplify rules and regulations governing trade.

He also continued on his theme that the two countries could both compete and cooperate.

The PM has urged Indian business to diversify its ''export basket '' to China.

He also said that the Indian and Chinese government should work together to ''remove administrative barriers and simplify regulatory regimes.''

The PM has said both countries should develop a strategic plan for the future so that there is a vision for ''economic cooperation.''

He said both should learn from each other's markets and management styles and that competition is not inconsistent with co-operation.

Mr. Divya Aggarwal

Money Management Consultants Ltd

Senior Copy Editor, Money Management Consultants Ltd
New Delhi, India

Free Member, Joined :05/11/2007
No of Topics Posted : 113
Reply/Comments : 14

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