On the global stage, the two countries, that account for about 37 per cent of the world's population, are at the forefront of the emergence of a "more democratic global order" to resolve global issues in an equitable manner, he said while delivering a speech at the prestigious Chinese Academy of Social Sciences here.
Ansari said India admires China's achievements in terms of development and hopes to see the country become a developed country soon.
He noted that it is very rare in history that two large neighbours have become rising powers at the same time.
"Our destinies are linked by geography and history. We welcome China's peaceful development and regard it as a mutually reinforcing process," Ansari said.
"We both view each other as partners for mutual benefit and not as rivals or competitors. It has been customary to focus on bilateral issues although both our nations face similar global challenges today. The inter-dependence for dealing with these issues will only grow," Ansari said.
"Our primary interest is to pay attention to the task of development. For it to succeed, both countries need a peaceful periphery and an environment of tranquillity. And thus it has been the objective of both our countries to seek tranquillity and stability in our immediate neighbourhood and extended region. Only then can we bring prosperity and stability to Asia and the world," he said.
"The border clash of 1962 left a scar on the Indian psyche and led to a brief interregnum in the growth of ties. Both countries renewed high-level exchanges in the late 1970s. These paved way for expanding cooperation in the fields of trade, economy, culture and people-to-people exchanges," he said.
Ansari is on a five-day visit to China to take part in the 60th anniversary of Panchsheel.
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