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MODI-XI'S INFORMAL SUMMIT

6 TAKEAWAYS
After spending 24 hours in the Chinese city of Wuhan, Prime Minister Narendra Modi today wrapped up his informal meetings with President Xi Jinping. Thought 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 6 key takeaways from the talks between Modi and Xi.
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.
MORE INFORMAL SUMMITS: 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. source: times of India