CHENNAI, India, Oct. 14 -- Chinese President Xi Jinping and Indian Prime Minister Narendra Modi held their second informal meeting on Friday and Saturday in the southern Indian city of Chennai, setting the tune for the future development of bilateral ties.
As major emerging economies and the only two countries in the world with a population of more than 1 billion, China and India boast great potential for cooperation.
With both sides facing new opportunities to fulfill their respective national goals to rejuvenate and the world undergoing profound changes unseen in a century, a healthy and stable bilateral relationship not only benefits both China and India, but also helps promote global stability and economic globalization.
Following the consensus reached by Xi and Modi during their first informal meeting in the central Chinese city of Wuhan last year, China and India have boosted pragmatic cooperation in various fields, providing a solid foundation for sustained cooperation.
In a relaxed and friendly atmosphere in Chennai, the two leaders exchanged in-depth views on issues of global and regional importance.
Close cooperation between the two sides has achieved significant progress. China has long been India's largest trading partner, and India is China's largest trading partner in South Asia.
Bilateral trade has reached almost 100 billion U.S. dollars, and more than 1,000 Chinese companies have increased their presence in industrial parks and e-commerce in India, with a total investment of 8 billion dollars and 200,000 local jobs created.
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