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  • India, China favour early meeting of Joint Economic Group

    Yekaterinburg (PTI) With the aim of devising common strategies on emerging global financial matters, India and China have favoured early meeting of their bilateral Joint Economic Group.

    This view was shared by Prime Minister Manmohan Singh and Chinese President Hu Jintao when they met on Monday night on the sidelines of the Shanghai Cooperation Organisation summit here.

    During the 45-minute meeting that ended at around midnight, the two leaders discussed various aspects of the bilateral relations and global issues of mutual interest.

    Both leaders laid stress on the importance of strategic and cooperative partnership and the determination to carry it forward, Foreign Secretary Shivshankar Menon told reporters while briefing on the meeting.

    He said need was felt to have early meeting of Joint Group on economic matters that is headed by Commerce Secretaries.

    During the meeting with Mr. Hu, Mr. Singh said both the countries were playing an increasingly important role in promoting stability in the international system, Mr. Menon said.

    Mr. Singh noted the immense scope in bilateral ties and congruence that is emerging between the two countries on global issues.

    Mr. Singh and Mr. Hu noted that relations between the two countries were growing and expressed satisfaction at the defence exchanges which have brought about some level of trust between the armed forces.

    Two joint military exercises have already been held and another will be held later this year, Mr. Menon said.

    The Special Representatives of the two countries -- National Security Adviser M K Narayanan and Chinese State Councillor Dai Bingguo -- will be meeting in New Delhi on August 7 and 8 to discuss the boundary issue that has been affecting the ties for decades.

    Mr. Menon acknowledged that there were differences between the two countries but said that the two leaders expressed satisfaction at what the Special Representatives have done.

    In the global arena, the two leaders shared the view about the need for reforming the global financial architectures and agreed to stay in touch on this aspect.

    The meeting was good and positive and covered all areas of bilateral ties, he said.




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