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SINO-CZECH RELATIONS UPGRADED

More specifically, China will lower RRR for banks whose lending is geared toward the real economy, especially small businesses and the farming sector, according to a statement issued after a cabinet meeting.

Wang said as the two ancient civilizations, China and India should join each other to make new contributions to human civilization and progress. He also suggested that the two countries properly control and manage their boundary problem to seek a mutually acceptable, fair and reasonable solution to the boundary issue.

Mangula on his part said the two parties have witnessed ever deepening communication and expanding cooperation since the establishment of ties. The CCM is ready to deepen communication and cooperation with the CPC and to push forward the relations between the two countries, he added.

However, since 1989, bilateral relations have been developing smoothly. The two countries decided to upgrade their bilateral ties from a good-neighbor partnership of mutual trust to a strategic partnership in 2011, and the two sides signed a document that outlines key areas of cooperation for the development of their strategic partnership in the medium and long term in 2013.