China has launched a bold financial move to deepen economic engagement with neighbouring India in a bid to strengthen the often fractious ties between the world’s fastest- growing big economies.
On his first visit to New Delhi for five years, Wen Jiabao, China’s premier, said his 300-strong business delegation had struck $16bn worth of deals with Indian partners, underwritten by finance from Chinese banks.
The nearly 50 agreements – topping the $10bn orders for US companies that crowned the visit to India last month of Barack Obama, the US president – highlighted Mr Wen’s ambitions to lift trade and investment across the Himalayas.
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