News Summary: China seeks stronger ties with India

News Summary: Chinese premier tells Indian business leaders of need for greater economic ties

Associated Press

STRONGER TIES: One day after meeting with Indian Prime Minister Manmohan Singh, Chinese Premier Li Keqiang told Indian business leaders that developing stronger economic ties between their two nations would have huge benefits for both sides.

COMPLEMENTARY STRENGTHS: Li told the Federation of Indian Chambers of Commerce and Industry that the two nations' strengths complement each other, with India having an edge in information technology and software, while China is rapidly expanding in manufacturing and textiles.

IMPROVE IMBALANCE: Li said he was willing to allow Indian products greater access to Chinese markets. The current trade is heavily skewed in China's favor.

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