China, India Seal $16 Billion in Deals as Wen Vows to Even Trade

Prime Minister Wen Jiabao said China will seek to boost commerce with India while reducing his country’s $18 billion surplus this year in trade between the world’s two fastest-growing major economies.

Arriving in New Delhi with what he said was a delegation of more than 300 Chinese company executives, Wen spoke to a business conference at the start of a three-day visit meant to solidify the countries’ economic links while managing disputes over their border and China’s support for Pakistan. He dismissed the idea of Chinese-Indian relations as “rivalry between the dragon and the elephant,” saying “there is enough space in the world for the development of both.”