Visit of Wen Jiabao to India
On the second day of his three-day visit to India, Chinese Premier Wen Jiabao was given a ceremonial reception at Rashtrapati Bhavan, following which he paid homage to Mahatma Gandhi at Rajghat and signed six agreements with Prime Minister Manmohan Singh at Hyderabad House. On the economic front, Mr. Wen said China understood India’s concerns on bilateral trade imbalance and was ready to take measures to facilitate access of Indian IT products, pharmaceuticals and farm produce to the Chinese market. China and India should work together to achieve a $100 billion two-way trade target by 2015, he said, adding that agreements worth $16 billion were inked during his visit. Mr. Wen announced that China would provide $1 million for the reconstruction of Nalanda University, the ancient seat of learning in Bihar which was a favourite of visiting Chinese scholars. The two countries declared that next year would be the Year of China-India exchange which would see 500 Indian youths visiting the ...