Xi and Modi meet during BRICS summit
April 15, 2014

China's Xi and India's Modi Meet at BRICS Summit
In the first meeting between the new leaders of the world’s most populous countries, Chinese Premier Xi Jinping and Indian Prime Minister Narendra Modi set the stage for healthy bilateral ties. Nike Air Max 1 Heren Meeting on the sidelines of the sixth BRICS summit in Brazil, just days after the Football World Cup finals, both leaders agreed to boost bilateral trade and smoothly resolve the border issue. China claims more than 90,000 sq km (35,000 sq miles) in the eastern sector of the Himalayas. Air Max 2015 Zwart Oranje Goedkoop India says China occupies 38,000 sq km of its territory on the Aksai Chin plateau in the west. During the 80 minute meeting, the neighbours agreed they would rather be long-term strategic partners, rather than competitors. A statement in local Chinese media – Xinhua said that China and India aim to work together to achieve peaceful development and cooperation so that the 2.5 billion people between our nations can live a better life and regional ties can be strengthened. Air Max 2016 Heren Goedkoop In extending a hand, President Xi Jinping will also visit India is September, and has invited Modi to attend the 21 member Asia-Pacific Economic Cooperation meeting, or APEC in China two months later. India has never attended an APEC summit, and has long sought to become a member to help boost its economy. Air Max Tailwind 8 Goedkoop APEC includes Canada, Mexico, Russia and the United States and accounts for about 40 percent of the world’s population, 55 percent of global gross domestic product and 44 percent of world trade. “China-India cooperation is like a massive buried treasure waiting to be discovered,” Wang Yi had said on 10 June. “The potential is massive.” Going forth, both China and India agreed to work on youth exchanges and expanding trade in services, investment railways, infrastructure construction, industrial investment and tourism, thereby gradually achieving a more balanced trade in goods and services. Air Max 2016 Dames Goedkoop Xi added that India should strengthen her multilateral cooperation to jointly participate in international policy-decision making and enhance the voice of developing countries. China also welcomed India to join as a founding member of the proposed US$50 billion Asian infrastructure investment bank. While the decision on who will host and lead the bank is yet a contentious issue, the most likely resolution is the bank will be headquartered in Shanghai and led by an India. Leaders of the five countries were expected to a sign a deal on Tuesday to establish a $100 billion bank and a reserves fund of the same size to challenge Western dominance over development lending. Nike Air Max 2017 Goedkoop In addition to the bank, BRICS, will also approve the creation of a $100 billion reserve fund. In return, Prime Minister Modi said that India’s newly elected government which he leads is keen to learn about economic development from China’s successful ascent.

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