India, China join hands to tackle financial crisis (Lead)

October 25th, 2008 - 10:13 pm ICT by IANS  

Manmohan SinghBeijing, Oct 25 (IANS) President Hu Jintao said Saturday that China and India should have a “far-sighted, strategic and long-term perspective” even as they join hands to deal with the global financial crisis. China and India have maintained sound relations and economic cooperation and collaborated in international affairs, Hu told Indian Prime Minister Manmohan Singh on the sidelines of the just concluded 7th Asia-Europe Meeting (ASEM) here.

“Both China and India are major developing nations in Asia, and developing good neighbourly relations had long been the Chinese government’s consistent policy,” he said.

He added that the two sides should take care to “properly handle each other’s concerns”.

Hu also stressed that China and India shared common interests in dealing with global issues ranging from the international financial crisis and climate change to energy and food security.

Hu and Manmohan Singh discussed in some detail how the two Asian economic powers can join hands to assist in the global economic recovery.

China would collaborate with India in international and regional issues for the interests of the two countries, he said.

Signalling that New Delhi was ready for stronger relations with Beijing, Manmohan Singh stressed that India would continuously enhance its strategic and cooperative partnership with China in line with a joint declaration signed in 2006.

This was the first meeting between Hu and Manmohan Singh after the G8 summit in Japan and after the row over China’s alleged spoilsport tactics at the Nuclear Suppliers Group’s (NSG) Sep 4-6 Vienna meeting.

China has maintained that it supported the consensus in the NSG in favour of an India waiver. This was conveyed by Premier Wen Jiabao to Manmohan Singh in New York on the sidelines of the UN General Assembly last month.

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