New Delhi: After getting US backing for its bid for a permanent membership of the United Nations Security Council (UNSC), India today got Chinese support too for its ''greater role'' in the UN body.
The Chinese expression of support for India came in a Joint Communique issued after talks between Prime Minister Manmohan Singh and visiting Chinese premier Wen Jiabao.
The two sides also resolved to sort out their outstanding differences including the boundary question at an early date through peaceful negotiations.
The neighbour said it recognised India's aspiration for a greater role in the UNSC.
''China attaches great importance to India's status in international affairs as a large developing country, understands and supports India's aspiration to play a greater role in the United Nations, including in the Security Council,'' the communiqué said.
China welcomed India's election to non-permanent membership of UN Security Council during 2011-2012 and both countries agreed to deepen consultation within the Council, it said.
It said the two countries make a vital contribution to advancing peace and development in Asia and in the world at large, and their relations go beyond their bilateral scope and have acquired global and strategic significance.
Reflecting this partnership, the two countries have decided to establish the mechanism of regular exchange of visits between Heads of State/Government.
They welcomed the opening of the telephone hotline between the Prime Minister of India and Chinese Premier and agreed on regular consultations between the two leaders on issues of importance to both countries.
They also agreed to establish the mechanism of annual exchange of visits between the two Foreign Ministers.
They said their growing relationship offered increasing opportunities to advance their cooperation.
''There is enough space in the world for the development of both India and China and indeed, enough areas for India and China to cooperate,'' the communique said.
The two countries expressed their strong resolve to fight terrorism in all its forms and manifestations and stressed that there is no justification for any act of terrorism anywhere.
They said they would counter terrorism through joint efforts that include disrupting the financing of terrorism. They also recognised the need to implement all relevant UN resolutions, in particular UNSC resolution 1267, 1373, 1540 and 1624.
The two countries took important decision to enhance cooperation in the banking and financial sectors.
They concluded a Memorandum of Understanding between the Reserve Bank of India and China Banking Regulatory Commission to increase banking and financial cooperation, and agreed to grant permission to the banks of the other country to open branches and representative offices.
India and China set a new bilateral trade target of USD 100 billion by 2015. The two sides agreed to take measures to promote greater Indian exports to China with a view to reduce India's trade deficit.
