India and China –
i. both had signed panchsheel agreement, since the late 1980s,
ii. both countries have successfully attempted to reignite diplomatic and economic ties.
iii. China emerged as India's largest trading partner
iv. the two countries have also attempted to extend their strategic and military relations.
v. Both the countries have cooperated on regional issues like regional economic integration, the Afghanistan issue and crackdown on terrorism.
vi. China is India's largest trading partner, and their economic collaboration will inject vigorous impetus to the Indian economy.