On June 20, 2012, Chinese Premier Wen Jiabao met with his Indian counterpart Manmohan Singh in Rio de Janeiro.

Noting that the two neighbors are both large developing countries, Wen said, the rapid development of both countries and the steady improvement of their relations have brought huge changes to the world. In the last decade, China and India established and developed a strategic and cooperative partnership, formulated several important dialogue mechanisms and maintained peace in the border region based on the Five Principles of Peaceful Coexistence. Bilateral trade has seen a 14-fold increase. He also lauded the increasingly frequent people-to-people exchanges and the joint efforts in safeguarding the interests of developing countries on major international issues.

Wen said that under the current complex global and regional circumstances China and India face common challenges and opportunities, adding that deepening their strategic and cooperative partnership serves the fundamental interests of both countries and the world at large. The two sides, he said, need to further consolidate their political and strategic mutual trust and make sure that their relations will move forward on the right track. Meanwhile, Wen proposed that the two neighbors further promote pragmatic cooperation and two-way investment, implement a number of influential major projects concerning people's livelihood and carry out more exchange programs between the two countries' youth, localities and media among others so as to create a favorable social environment for bilateral ties. They should also continue to settle border issues and maintain peace and stability in the borderlands, and enhance coordination on global and regional affairs to make new contributions to world prosperity, stability and sustainable development, he added.

For his part, Singh said in recent years India-China cooperation in various fields has made ​​significant progress and both sides have carried out good cooperation in international and regional affairs. In face of the profound changes in the world political and economic situation, India attaches great importance to its relationship with China and regards it as an important component of India's modernization strategy and a pillar of world peace and stability. India, he said, will neither allow anyone to stage anti-China activities in its territory nor join any scheme to contain or besiege China. India is willing to work with China to strengthen strategic communication and coordination, continue to support the work of the Special Representatives of the two countries on the border issue and maintain peace on the frontier. Both sides should further give play to their economic complementarity and carry our all-round economic and trade cooperation, he added.