Since last year, China and India have maintained high-level communication and interactions. Bilateral trade in 2023 reached $136.2 billion, and China once again became India's largest trading partner.
The two sides are highly complementary economically, with huge development potential, Xu said.
Leaders of both countries have reached an important common understanding that the two nations are "each other's development opportunities, not threats", providing important guidance for bilateral relations, the ambassador said.
China and India are both ancient civilizations with a long history and splendid cultures, Xu said, pointing to friendly exchanges and mutual learning between the civilizations through the course of history.
Nearly two thousand years ago, Indian monks Dharmaratna and Kasyapa Matanga came to China with scriptures, kicking off the spread of Buddhism to the East, Xu said.
