Modi, Xi for building open, multipolar, pluralist global economic order

Modi, Xi for building open, multipolar, pluralist global economic order

Modi, Xi for building open, multipolar, pluralist global economic order

This two day "informal summit" between India and China focused on terrorism, climate change and developing a mutually beneficial relationship between both countries.

China and India have agreed to strengthen communication between their militaries and keep the peace along their shared borders, signalling a successful reset in relations following a tense border stand-off past year.

Gokhale on Saturday said that the Governments of India and China have chose to issue a strategic guidance to their respective militaries to enhance both trust and understanding.

Earlier, the two leaders exchanged views on solidifying the India-China relationship at a one to one meeting as they began a two-day informal summit in Wuhan. But this meeting comes as both powers attempt to reduce risk in their own environments as China faces down U.S. President Donald Trump's threatened trade actions and Modi seeks to keep India's economy on track ahead of a 2019 general election. India and China also agreed to undertake a joint project in Afghanistan, the Press Trust of India reported.

He said both leaders underscored the importance of maintaining peace and tranquility in all areas of the India-China border region in the larger interest of the overall development of bilateral relations.

Modi and Xi are set to meet again soon, when Modi visits China in June for a summit of the China and Russia-led Shanghai Cooperation Organisation security bloc. This will be the first such project in the war-ravaged country by India and China.

China and India are going to engage in a project in Afghanistan together, as per the sources.

India has always been apprehensive about China's traditionally close ties with Pakistan.

PM Modi also proposed the goal of building a "new India" adding that China and India face similar tasks on the road to development. "They will not engage in closed and exclusive circles", he said.

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Modi said that as India and China represented 40 percent of the world's population, they needed to try to work together to tackle global problems.

New Delhi and Beijing would also continue to pursue informal talks, said Gokhale.

As per the understanding on the Afghanistan project, officials of both sides will identify the scheme in follow-up discussions and work out modalities, the report further added.

With China facing a potential tariff war with the United States, Beijing and New Delhi could find common ground on worldwide trade, Pant added.

"The two leaders, based on correct understanding, outlined a blueprint for future of China-India relations", he said.

This was followed by a private lunch hosted by President Xi in honour of Prime Minister Modi.

China's Vice Foreign Minister Kong Xuanyou said Beijing would "not be too hard" with New Delhi on supporting the Belt and Road Initiative as there's "no fundamental difference between China and India" on supporting inter-connectivity.

India's ambassador to China Gautam Bambawale, in an interview with the Hong Kong-based daily South China Morning Post back in March, had said that if the CPEC meets the norms of an worldwide programme, then New Delhi has no problem.

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