Need time to resolve border disputes with India: China

Chinese Ambassador to India Le Yucheng expressed confidence in inding a mutually acceptable solution to border differences

Border disputes between India and China can be resolved through dialogue but it will require time, Chinese Ambassador to India Le Yucheng said today.

Speaking to reporters here, Lee also mentioned China's plan to invest $20 billion in various infrastructure and development projects in India in next five years.

On border dispute, Lee said China was confident of finding a mutually acceptable solution to it.

"We will proceed to solve these issues through dialogues, though negotiations. We just need time to solve them. We are confident that we can find our way out with joint efforts from both the sides," he told reporters when asked about reports of incursion by Chinese Army in Pangong lake in the higher reaches of Ladakh.

Emphasising the need to expand trade cooperation, he identified power sector as an important sector where two countries can cooperate. "India can also enjoy 24x7 power supply with cooperation from Chinese enterprises."

"While a Chinese IT company has already created 5000 more jobs in India, various sectors including agriculture will also find better access to Chinese market. India can also expect an increase in revenue by receiving 5 million outbound Chinese tourists," he added.

The Chinese Ambassador said both the countries have the wisdom to reach and maintain strategic partnership.

Lee was chairing a round table discussion on APEC (Asia Pacific Economic Cooperation) as APEC 2014 Economic Leaders' Week began in Beijing today.