A long time back (till 1962) there used to saying "Hindi Chini Bhai Bhai" that translate into "India China brotherhood. Very few people have forgotten this slogan but after the small war, relationships between two neighbouring countries had gone bad and they are trying to improve them but not for the sake of old reasons but for the constraints they are facing.
Both are termed as the largest emerging economy of the world and if both of them continue to grow at this rate, they will become major economic power of the world in next one decade. To fuel this kind of growth they need lots of energy and they have been competing with each other for the new resources all over world. Recently Prime minister of India, Mr. Manmohan Singh, visited China and there had been good understanding between two countries during this summit on many issues both the countries facing globally. China has agreed in principal to support India for the permanent seat in the UN security council, in getting access to the civilian nuclear energy. India also made this clear that India is not working with any group to contain China and India has independent foreign policy.
Much of this cooperation is coming along because both countries are looking for growth opportunities. There is too much pressure on two most populous countries to reduce carbon emission. Practically it is not possible for the countries to reduce carbon emission to the level Doha agreement has demanded, that will dampen the economic growth for the countries. Since China has also signed WTO agreement recently and now there is pressure on it to reduce agriculture subsidy. If these two countries can work in cooperation for the economic growth (and this is the only option in current scenario) they will become major world powers sooner than expected. World business leader should start exploring business and investment opportunities in these countries for future growth.
Both are termed as the largest emerging economy of the world and if both of them continue to grow at this rate, they will become major economic power of the world in next one decade. To fuel this kind of growth they need lots of energy and they have been competing with each other for the new resources all over world. Recently Prime minister of India, Mr. Manmohan Singh, visited China and there had been good understanding between two countries during this summit on many issues both the countries facing globally. China has agreed in principal to support India for the permanent seat in the UN security council, in getting access to the civilian nuclear energy. India also made this clear that India is not working with any group to contain China and India has independent foreign policy.
Much of this cooperation is coming along because both countries are looking for growth opportunities. There is too much pressure on two most populous countries to reduce carbon emission. Practically it is not possible for the countries to reduce carbon emission to the level Doha agreement has demanded, that will dampen the economic growth for the countries. Since China has also signed WTO agreement recently and now there is pressure on it to reduce agriculture subsidy. If these two countries can work in cooperation for the economic growth (and this is the only option in current scenario) they will become major world powers sooner than expected. World business leader should start exploring business and investment opportunities in these countries for future growth.
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