Modi-Xi's informal summit ends: Key takeaways

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Modi-Xi's informal summit ends: Key takeaways
TIMESOFINDIA.COM |
Updated: Apr 28, 2018, 23:29 IST

TIMESOFINDIA.COM
HIGHLIGHTS
After spending 24 hours in the Chinese city of Wuhan, Prime Minister Narendra Modi today wrapped up his informal meetings with President Xi Jinping. Though no official agreements were struck, the summit gains significance as a marker of a growing rapprochement between India and China following the Doklam dispute. Here are the key takeaways from the talks between Modi and Xi.
China and India are important engines of world economic growth
President Xi Jinping said China and India are the "backbone" of the world's multipolarisation and economic globalisation, and the two countries should jointly make positive contributions to the global peace and development.
"As the two largest developing countries and emerging-market economies with a population level of more than one billion, China and India are the backbone of the world's multipolarisation and economic globalisation," he said.
"China and India have many similar ideas in international affairs. When dealing with relations between major powers, China insists on strategic autonomy, insists on not conflict and confrontation, and building a new type of international relationship that is based on mutual respect, fairness and justice, and win-win cooperation.
"This is in line with the five principles of peaceful coexistence (Panchsheel) jointly advocated by China and India in the 1950s," the Chinese President said.
Reducing border tensions
In light of the tense face-off between Indian and Chinese troops at Doklam last year, Modi and Xi underlined the importance of "maintaining peace and tranquility in the border region". To this effect, they will issue strategic guidance to their respective militaries to strengthen communication in order to build trust and mutual understanding. The two sides will also work together in implementing confidence building measures.
Need for greater cooperation
As the West, led by the US, becomes increasingly inward-looking, emerging superpowers India and China must step up and assume a more significant role in the world order. As such, stable and balanced relations between the two neighbours is vital and recognising this, Modi and Xi decided to strengthen the Closer Development Partnership in a mutually beneficial and sustainable manner. This will be conducive for the development and prosperity of the people as well as the region.
During the course of the summit, the two leaders also agreed to undertake a joint economic project in Afghanistan, a first of its kind by India and China in the war-ravaged country.
More dialogue to pre-empt conflict
It is in the long term interests of India and China to create a broad platform of dialogue and discussion through which contentious matters can be addressed and resolved before they escalate. The two leaders agreed that both sides have the maturity and wisdom to handle differences through peaceful discussion.
Both China and India said they seek a fair settlement to their border disputes, and to this end, the Special Representatives appointed by the two nations will play a key role.
Balancing skewed trade
The two leaders agreed to push forward bilateral trade and investment in a balanced and sustainable manner by taking advantage of complementarities between their two economies.
They reiterated the importance of building an open and pluralist global economic order in which all countries can freely participate to pursue their development, while also contributing to the elimination of poverty and inequality in all regions of the world.
Crackdown on terror
Modi and Xi recognised the common threat posed by terrorism and committed to cooperate further on counter-terrorism.
However, when foreign secretary Vijay Gokhale was asked at a press conference whether the issue of Jaish-e-Mohammed chief Masood Azhar was raised, he said the two leaders "did not go into specifics".
China has repeatedly blocked India's bid to designate Azhar as a global terrorist by the UN.
Informal summit a success, more on the cards
The two leaders highly assessed the opportunity for direct, free and candid exchange of views offered by the Informal Summit and agreed on the utility of holding more such dialogues in the future. The "forward-looking dialogue" was a unique opportunity for direct and candid exchange of views between the two premiers and helped them forge a common understanding. Both agreed that meetings on the lines of the Wuhan summit will determine the future direction of India-China relations. Before leaving, PM Modi reciprocated by inviting Xi to India for a similar informal summit next year.
Xi wants screening of more Bollywood movies in China
Briefing reporters at the end of the two-day informal summit between PM Modi and President Xi in the central Chinese city, foreign secretary Vijay Gokhale said they proposed collaboration in the areas of spirituality, trade, technology, tradition and entertainment including films.
"President Xi said that he had seen a number of Indian films, both Bollywood and regional, and that it would be a good idea that more Indian films come to China and more Chinese films go to India," Gokhale said.
China will "not be too hard" with India on the Belt and Road Initiative (BRI)
China today said there is no fundamental difference with India on the issue of "inter-connectivity" and Beijing will "not be too hard" with New Delhi on the issue of the Belt and Road Initiative (BRI).
"We feel that there is no fundamental difference between China and India on the issue of supporting inter-connectivity. As for whether India accepts the expression Belt and Road, I think it is not important and China will not be too hard on it," Chinese vice foreign minister Kong Xuanyou said.
The BRI, a multi-billion-dollar initiative launched by President Xi Jinping when he came to power in 2013, has become a major sticking point in the bilateral ties. The BRI also includes the China-Pakistan Economic Corridor (CPEC) which India opposes as it goes through Pakistan-occupied Kashmir. India had boycotted last year's Belt and Road Forum organised by China.
TOP COMMENT

Ground reality is that, US would has feats its name, world top guzzler of Crude Oil and Gas but this scenario has change absolutely and now shared by both developing nations India and China, mile stone of lowest crude oil rate in international oil cartel seems to changing as oil rate show steady rise in few days that is not spell good omen to both countries, if India and China resolved their reservation some proportion and enjoined over rate of oil, may save their economy to bleeds profusely. But all this merely will be happened, if communist regime show some sort of resilience relation with India?

Jagdish Chandra
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