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Chinese Vice President Li Yuanchao attended the opening ceremony in Beijing emphasizing the growing ties between the two nations.
“China will make joint efforts with India to strengthen strategic mutual trust, expand friendly exchanges and cooperation, properly handle issues left over from history and strengthen cooperation in major and regional issues and take our strategic partnership to new heights,” Li said.
“Friendship, mutually beneficial cooperation and common development will truly create benefits for 2.5 billion Indian and Chinese people and make contribution to peace, stability and prosperity of Asia and the whole world. This year China will commemorate the 60th year of Pachasheel, five principles, along with Myanmar,” he added.
2014 also marks the 60th anniversary of the Five Principles of Peaceful Co-existence, which were agreed upon by China and India as a guideline for bilateral and international relations.
Since assuming power, the new Chinese President Xi Jinping has sent clear signals of boosting bilateral relations with India.
“The world needs common development of China and India,” said Xi in March last year.
New Delhi and Beijing have set a target to reach $100 billion in bilateral trade by 2015 although India’s trade deficit with China reached a record $ 31.4 billion in 2013, new trade figures released by China earlier this month revealed.