Xi, Modi hold informal talks aimed at mending relations

Chinese President Xi Jinping arrived in India Friday for a summit with Prime Minister Narendra Modi

Sources told Reuters in August that China had warned of "reverse sanctions" on Indian firms engaged in business in China should India block Huawei Technologies because of United States pressure.

Bilateral trade in goods between India and China stood at $87 billion in 2018-19. "Our position is anyways very clear that this is an internal matter of India", he said.

India's summit statement said high level talks would start on ways to "better balance" trade between the countries. The two leaders discussed how the bilateral interactions can be deepened to reflect the growing role of both countries on the global stage as worldwide situation is witnessing significant readjustment.

Gokhale said the two countries made a decision to set up a group at the finance ministers' level to discuss trade and investment issues, especially India facing a whopping $63 billion trade deficit with China.

This year's one-in-one spelled "the start of a new era in India-China relations", PM Modi offered.

The prime minister also said India is willing to join hands with China to push for an RCEP agreement at an early date, and boost connectivity and anti-terror cooperation.

India insists that Jammu and Kashmir is an integral part of India.

"We had decided that we will prudently manage our differences and not allow it to turn into dispute, be sensitive of each other's concerns and be a pillar for peace and stability in the world", he said.

India thanks China for its increase of imports of Indian products such as rice and sugar, and is looking forward to fully utilizing the high-level economic and trade dialogue mechanism to promote a balanced and sustainable development of bilateral trade, said Modi, adding that India welcomes more Chinese enterprises to invest in its manufacturing and other industries.


Modi told Xi that the Group of Monuments at Mahabalipuram is an outstanding example of India's cultural heritage and architecture, and witnessed India and China's civilization exchanges and historical connections for more than a dozen centuries.

When queried on the escalating trade war between the US-China, and the likely impact on the Indio-China trade, Gokhale said that there was no direct bearing on India-China trade on what is happening between the US and China.

Both agreed that it is important to support and strengthen the rules-based multilateral trading system at a time when globally agreed trade practices and norms are being selectively questioned.

China supported Pakistan in raising India's actions at the UN General Assembly meeting in NY.

Xi said he has received grand welcome and warm hospitality from the Indian government and people, and has felt the profound traditional friendship between the two peoples throughout the visit.

Xi and Modi talked about the domestic development of China and India and exchanged experience in state governance.

It has been infuriated by China's backing for Pakistan, which controls a large chunk of Muslim-majority Kashmir. It said PM Modi "banked on personal chemistry to iron out the wrinkles in relations between the two nations".

Trade, especially the Regional Comprehensive Economic Partnership (RCEP), is also expected to be a focus of the Xi-Modi talks.

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