Times of India: “China has committed to facilitating Indian exports into Chinese markets to address the yawning trade imbalance 
between the two countries. Chinese president Hu Jintao said this to Manmohan Singh in his hour-long meeting with the PM at the end of the BRICS summit on Thursday. This will be Hu’s last summit as Chinese president.
In return, the PM invited Chinese investment in manufacturing and infrastructure projects in India. Chinese companies are kept out of several strategic sectors, but there is a significant change in the Indian government’s approach to Chinese investment.
With the two leaders kicking off a year of friendship celebrations, the overwhelming sense from the meeting was that the two nations are determined to get along, despite many difficulties and differences of outlook. Singh and Hu announced “expanded” foreign office consultations, and launched three new dialogues with China – on West Asia, Central Asia and Africa. India and China pursue markedly different policies in Africa, though with the same stated aims.”
via More Chinese investments in India soon – The Times of India.
Related page:
- https://chindia-alert.org/historical-perspectives/60-years-from-independence/
- http://en.wikipedia.org/wiki/Five_Principles_of_Peaceful_Coexistence
- http://en.wikipedia.org/wiki/Sino-Indian_War
In the 50s, PM Nehru and PM Chou met and agreed Panchsheel, the five principles of peaceful coexistence. The press coined a phrase Hindi Chini bhai bhai, meaning Indians and Chinese are brothers. It looked like the slogan was reflecting reality until in the late summer of 1962, due to the long-standing border dispute (legacy of British Raj) Chinese tanks rolled over the Himalyas and reached the oil fields of Assam in the East and also in Ladakh in the west. Since then matters have thawed. BRIC (and now BRICS) was invented. This news release is good news, at least for India and China.
CHINDIA ALERT: You'll be living in their world, very soon 