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Print Edition> World
UPDATED: May 21, 2010 NO. 21 MAY 27, 2010
Diplomatic Dynamics (21)

 China and India

China hopes the Indian Government will create a fair investment climate for Chinese companies, according to Yao Jian, spokesman of China's Ministry of Commerce.

As vital trade partners, China and India should resolve problems through strengthened cooperation and consultation, Yao said on May 17.

Yao's remarks came in response to media reports of a ban by New Delhi on Indian telecom companies that restricts them from purchasing equipment from Chinese firms owing to security concerns.

India's investment in China outweighs China's investment in India, while China provides good services for Indian investors, Yao said. Moreover, he added, 85 percent of the employees in China-invested companies in India are Indian nationals, which strongly contributes to economic development in the subcontinent.

China and Europe

China supports the joint action taken by countries in the euro zone and the International Monetary Fund (IMF) to rescue debt-stricken Greece, said Chinese President Hu Jintao.

Against the backdrop of a weak economic recovery, countries should stick to their stimulus measures and continue to work together toward a full economic revival, Hu told German President Horst Koehler who visited Beijing from May 17-21.

Euro zone countries and the IMF agreed in early May to extend 110 billion euros ($147 billion) to Greece in loans in a bid to prevent the Greek sovereign debt crisis from spreading across Europe.

"China," said Hu, "would like to work more closely with Germany within the G20 framework to boost the reform of the global financial system and its institutions."

Hu went on to call for deepened political trust and bilateral ties. On the economic front, Hu and Koehler agreed that both countries should collaborate in energy and environmental protection while strengthening cooperation between small and medium-sized businesses in China and Germany.

This marked Koehler's third visit to China since taking office. During the tour, Koehler also attended Germany Day at the 2010 World Expo in Shanghai.

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