China and India： An Era of Escalating Economic Interaction

I. Historic Cultural and Economic Relations China and India are both ancient civilizations, with histories stretching over 5000 years. Their mutual relations are also ancient. China and India have long-term intellectual and cultural ties, which historically fell in the domain of religious scholars. These strong ties date back to the first century AD when Buddhism spread from India to China. The history of Buddhism chronicles detailed accounts of religious and cultural bonds between the t…

China and India: An Era of Escalating Economic Interaction

As ancient civilizations China and India had close cultural and commercial ties, but they drifted apart after eleventh century until the mid-twentieth century. In the 1990s, the two emerging-market economies once again began to interact and become economically close. The bilateral relationship was strengthened by political initiatives and determination from both sides. Their mutual trade and investment are on the rise and their new relationship has been evolving in accordance with the new diplomatic stance of conciliation. The bilateral economic bonds are likely to involve both competitive and collaborative dimensions. The two neighbors have determined to develop more extensive cooperation in regional and international affairs.