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With rail and road links -- besides other infrastructure facilities -- almost in place across the Himalayan border, China seems ready for 'unbridled' trade once India lifts restrictions.
The Chinese are reportedly surprised over India's 'go-slow' approach and are getting restive for 'full-fledged' free trade relations so that the two Asian giants lead the world.
''India and China can capitalise on each other's economic strengths for mutual benefit and reshape the world order,'' Chinese officials told UNI.
''In IT alone, China possesses expertise in hardware and India is number one in software and services. Thus, we can together rule the IT world and have similar arrangements in other fields too,'' they added.
India and China are also holding discussions to set up joint ventures in other countries, particularly in the IT sector.
''Combined efforts in respect of India's software and China's hardware will encourage entrepreneurs in both countries,'' said Chinese Commerce Ministry's Department of Asian Affairs Director Wang Qihui.
''India and China can seek partnership in textiles. China's advantages in man-made fibre and greater fabric capacity can complement India's edge in cotton yarn and design,'' officials said.
There are also opportunities in research, development and technology transfer between the countries that are more often perceived as rivals than potential partners.
Mr Wu Yabin of the Chinese Commerce Ministry's Department of Foreign Trade called for automatic approval of investment from China into India.
He regretted that China has been bracketed with five other countries that have been subjected to RBI approval prior to investment.
''This is restricting China's investment severely ($48 million since 1984),'' he said while clarifying there is no such specific restriction on Indian investment in China.
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