Interacting with a group of youth from China at his residence, Singh said the two countries share a common destiny and that "their strategic consultation and cooperation will enhance peace, stability and security in our region and beyond".
"I believe that our two countries not only share a common destiny but that we have unlimited possibilities for closer cooperation," he told the members of the delegation.
"Like a beautiful tangram that emerges from seven different shapes, these seven principles would together create a beautiful tapestry of India-China relations in the years ahead," Singh said.
Enlisting these principles, he said "we should reaffirm an unwavering commitment to the principles of Panchsheel and conduct our relationship in a spirit of mutual respect, sensitivity to each other's interests and sovereignty, and mutual and equal security."
He said maintaining peace and tranquility in India-China border areas has been the cornerstone of the bilateral relations.
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