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Indian Prime Minister Modi says border peace is key to India-China ties

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Core Development: Indian Prime Minister Modi says border peace is key to India-China ties
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Market & Financial Impact: Indian Prime Minister Narendra Modi and Chinese President Xi Jinping addressed concerns around border dispute and the trade imbalance.
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Indian Prime Minister Narendra Modi on Saturday said that "peace and tranquility" in the border areas is essential for developing bilateral relations with its neighbor China.

Ties between the two countries, which had deteriorated sharply following a deadly border skirmish in 2020, have been thawing for more than a year and have led to Chinese President Xi Jinping making his first visit to India in seven years.

During their bilateral meeting, on the sidelines of the BRICS Summit, Modi and Xi committed to "a fair, reasonable, and mutually acceptable" resolution of the border issues, the Indian government said in a release.

The two leaders agreed that both countries must take a "strategic and long-term perspective of their ties" and not let differences become disputes.

Border disputes and a trade imbalance that works deeply in favor of China have been at the center of disagreements between the two neighboring countries.

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Official Publisher Attribution: This report is aggregated from CNBC. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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