India-China begain series of meeting on multiple bilateral issues

Beijing: India and China on Wednesday began a series of meeting on a gamut of bilateral issues, which will include talks on border security mechanisms next week.
Officials, heading working groups of the annual bilateral Strategic Economic Dialogue (SED), a key forum that focuses on economic and trade cooperation at micro and macro levels, began their four-day meeting in Beijing.

India has initiated broad infrastructure development along the nearly 4000 kilometre-long boundary with plans to build roads and setting up watch towers much to the dislike of Chinese military, which already has a well built network of border development.

The SED meeting is taking place in the backdrop of dwindling bilateral trade between the two countries which dropped to around USD 66 billion last year from a high of USD 74 billion in 2011. Also, India is insisting on China to open up its markets to address the over USD 28 billion trade deficit.

The last meeting of the SED was held in New Delhi in 2012 between Planning Commission Deputy Chairman Montek Singh Ahluwalia and his Chinese counterpart Zhang Ping, Chairman National Development and Reform Commission, during which the two sides signed several MOUs.
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