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September 26, 2017

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India, China hold 3rd round of strategic economic talks

BEIJING--India and China held their third round of the strategic economic dialogue in Beijing today focusing on collaboration in a number of areas, including railways and information technology.

The Indian side at the talks is headed by deputy chairman of the planning commission Montek Singh Ahluwalia while Xu Shaoshi, chairman of the national reforms development commission (NDRC), led the Chinese delegation.

Ahead of the talks, five working groups covering different areas finalized the details for the high-level economic and trade dialogue between the two countries.

Besides attending the SED, Ahluwalia would call on Chinese Premier Li Keqiang tomorrow.

The working groups covered areas like infrastructure, mainly the railways, and making the agreement for service centers to be set up in India for Chinese power equipment operational. They also talked environmental and resources protection, water management and policy coordination, collaboration on planning and urbanization, and cooperation in the high-tech sector, including the IT sector.

Officials said the working group on infrastructure focused discussions to work out collaboration in strengthening the existing tracks in India to increase speed of the trains, official sources said.

They said talks would be centered on high-speed tracks rather than high-speed trains in which China has developed expertise in recent years.

The two sides would also discuss collaboration on improving heavy haul and redevelopment of the railway stations.

Present global economic situation, cooperation in international monetary and financial systems, global commodity markets, sustainable development and climate change would also figure in the discussion.

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