18th Dec, Hindu editorial

This editorial dwells on the outcomes of Wen visit

• TRADE

• China  promised to address the problem of market access
• Established strategic economic dialogue
• Created CEO’s forum
• Agreement between banking regulators paving way for synergy between commercial operations and financial requirements of Indian and Chinese companies doing business  across the border
• Set trade target of 100 billion $ by 2015
• China  needs to open up its markets for indian goods and services to address the trade imbalance

• POLITICAL

• Failed to resolve stapled visa issue
• Since it was started by China  it is up to them to resolve it.
• On part of India , it has reciprocated back by not making mention of its support for one China  in joint statement

• STRATEGIC FRONT

• Decided to meet more often at summit level
• Agreed to work together against piracy in gulf of Aden. This will be a stepping stone for a full pledged dialogue on maritime security

• CONCLUSION

• India and China  are two major rising powers and they need to sustain a healthy relationship between them