In 2005, China and India signed the Strategic and Cooperative Partnership for Peace and Prosperity.  However, there has been little, if any, strategic convergence between the two countries.  Chinese Premier Wen Jiabao paid an official visit to India from December 15 to 17, 2010, at the invitation of Prime Minister Manmohan Singh.  He was accompanied by 400 Chinese business leaders who wanted to enter into commercial contracts with Indian companies.  During this visit, Premier Wen Jiabao said, “India and China are two highly populated countries with ancient civilizations, the friendship between the two countries has a venerable history that can be traced back 2,000 years.”  The use of firearms on the LAC is strictly regulated by the 1993, 1996 and 2005 agreements. The 1993 and 1996 agreements also provide that both parties must strictly abide by the NT until a final solution is found to the border issue. In these agreements, India and China committed to clarify and confirm the TNB in order to reach a common understanding of alignment. However, little progress has been made since 2003 in this process. So far, the two sides have only exchanged cards in the central sector, which has led to “differences in perception” in several places. A warming trend in relations was facilitated by Rajiv Gandhi`s visit to China in December 1988.
The two sides issued a joint communiqué stressing the need to re-establish friendly relations on the basis of the Panchsheel. India and the People`s Republic of China agreed to reach a “just and reasonable solution while seeking a mutually acceptable solution” to the border dispute. The statement also expressed China`s concern over the unrest by Tibetan separatists in India and reiterated that anti-China political activities are not tolerated by Tibetans living abroad. Rajiv Gandhi has signed bilateral agreements on scientific and technological cooperation, direct air links and cultural exchanges. The two sides also agreed on annual diplomatic consultations between foreign ministers, the establishment of a joint committee for economic and scientific cooperation and a joint working group on borders. The latter group is expected to be led by India`s foreign minister and China`s vice foreign minister. Energy issues have become more important. Both countries have a growing need for energy to support economic growth. The two countries signed an agreement in 2006 to require ONGC Videsh Ltd (OVL) and china National Petroleum Corporation (CNPC) to jointly bid on promising projects. .