China & India historically have been great nations and they still are - both are unique in their own way - People in china do not think indians are any harm to them & vice versa, apart from little rattling from media and beauracrats every now and then!
Iam going to highlight few points which can bring india and china very closer to each other.
1) China & India should promote free trade with balance of payments.
2) Both's intelligence agencies should refrain or stop sabotages on either side
3) At some point of time later free movement of people should start with visa on arrival system.
4) Cultural programmes should be started on both sides to bridge cultural differences.
5) Both should stop supporting each other enemies in case of china they should stop supporting pakistan against india.
6) Both are doing good econmically but we should start building knowledge by creating more knowledge centres to share and invent new technologies.
7) And the last both should work towards building friendship of trust & not just mutual understanding.
Yes india is behind china in many ways right now but we are catching up so its good to start thinking and building trust, which our future generations will definetly priase our efforts.
This is my personal experience being in china i spent 6 months in china travelling and i absolutely loved the people and the country - Guess what i even have a chinese girl friend who will visit me in the UK shortly