The slow down in the US economy provides opportunities for countries like India and China to sustain their economic growth through increase in demand and consumption, a senior Chinese official said on Monday.
"Chinese and Indian Economies are highly complementary and have great potential for bilateral trade and investment relations," Deputy Chief of the Policy Research Office, Central Committee, China, Zheng Xinli said at a CII conference.
He said slowing down of the US economy should enable both countries to sustain economic growth.
The target fixed during President Hu Jintao's visit to India in 2006 to increase bilateral trade to 40 billion dollars by 2010 is also expected to be achieved this year, Xinli said.
India and China have very common challenges in Agriculture, Rural Industry and Social Security, he said, adding that China could learn from India in the services sector.
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