Chinese President Xi Jinping concluded his official visit to India on 19 September 2014. During his visit, he signed several agreements including 20 billion US dollar investment on Infrastructure, Mass rover, Indian Railways and Industrial Parks over the next five years.
This is the first time a Chinese president has traveled to India in the last eight years. His visit infused a new vitality in the relationship of the two countries.
China and India are the two most populous countries and fastest growing major economies in the world. The resultant growth in China and India's international diplomatic and economic influence has also increased the significance of their bilateral relationship.
Their bilateral relationship is of critical significance to the regional and world pattern. As two members of the BRICS group and the G20, China and India share extensive common interests in issues such as the reform of international financial system, climate change, and international trade negotiation.
Further, being the world’s oldest civilizations, the cultural and economic relations between China and India date back to ancient times. The most famous cultural and economic connectivity between the two nations was provided by the Silk Road. It not only served as a major trade route between India and China, but is also credited for facilitating the spread of Buddhism from India to East Asia.
However, relations between contemporary China and India have been characterised by border disputes, resulting in three major military conflicts — the Sino-Indian War of 1962, the Chola incident in 1967, and the 1987 Sino-Indian skirmish.
Since the late 1980s, both countries have successfully attempted to reignite diplomatic and economic ties. As a result, in 2008, China emerged as India's largest trading partner and the two countries have also attempted to extend their strategic and military relations.
Both the countries have cooperated on regional issues like regional economic integration, the Afghanistan issue and crackdown on terrorism. China is India's largest trading partner, and their economic collaboration will inject vigorous impetus to the Indian economy.