Beijing regards its relationship with New Delhi as one of the most important bilateral ties, Chinese President Hu Jintao has said.

China is ready to strengthen friendship, deepen mutual trust and expand cooperation with India, Hu said, speaking on the 60th anniversary of the establishment of diplomatic ties between India and China.

Hu and his Indian counterpart Pratibha Patil exchanged congratulatory messages on the occasion, China's foreign ministry website has reported.

The Sino-India bilateral ties have global and strategic significance, as the close cooperation between the two nations would impact peace and stability in Asia and the world at large, the China Daily quoted Patil as saying.

Greetings were also exchanged between Chinese Premier Wen Jiabao and his Indian counterpart Manmohan Singh on the occasion.

The world has enough room for China and India to develop together, Wen said in his message.

Wen further said that the neighbors should learn from and support each other to achieve win-win results and common development.

India and China have found a way to manage their differences over "the most complicated and difficult" boundary dispute and have decided not to allow it to stand in the way of expanding ties in other areas, India's National Security Adviser Shiv Shankar Menon said on Thursday.

He also said, "The two countries have found a modus vivendi to deal with the boundary issue and to manage their different approaches to issues where their peripheries overlap." (With Inputs from Agencies)