Modi-Xi summit - India, China should respect, learn from each other: Beijing

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

Ahead of his second round of informal summit with Chinese President Xi Jinping, Prime Minister Narendra Modi was seen plogging at a beach in Tamil Nadu. The official Xinhua news agency said Xi received a "warm welcome" from Modi and they agreed their countries "should respect and learn from each other so as to jointly achieve common development and prosperity". "President Xi Jinping said that China was ready to take honest action".

"We must hold the rudder and steer the course of China-India relations, map out a hundred-year plan for the relations from a strategic and long-term perspective, inject a strong endogenous impetus into bilateral relations, and work together to realize the great rejuvenation of our two great civilizations", said the Chinese president.

On the border dispute along the 3,488 km long Line of Actual Control (LAC), Jinping said, "In accordance with the agreement on political guiding principles, we will seek a fair and reasonable solution to the border issue that is acceptable to both sides".

"Our Chennai vision today has launched a new era of cooperation between our two countries", he added. The two leaders also agreed to explore of establishing manufacturing partnerships.

On commerce, India and China are both facing a protectionist U.S. and want greater access to each other's markets.

India and China plan to set up a new mechanism to discuss ways and means to reduce trade deficit ($53 billion), enhance mutual trade, investment and services.

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Xi and Modi held several hours of one-on-one talks in a southern seaside Indian town in their second annual summit created to break through decades of distrust between their countries over border disputes, a ballooning trade deficit and China's close military ties with India's arch rival, Pakistan.

Both the leaders also shared their respective approaches towards national development.

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. They also recognised that India and China have a common interest in preserving and advancing a rules-based and inclusive global order, including through reforms that reflect the new realities of the 21st Century.

India has made considerable effort to ease travel and visa procedures for Chinese tourists, and the country is expecting more Chinese travelers, he said.

Xi will head to Nepal later today where he is expected to push for China's further involvement in developing its infrastructure as part of his signature One Belt On Road initiative to boost trade and transport links across Asia.

They did however agree to step up their efforts so "that the global community strengthens the framework against training, financing and supporting terrorist groups throughout the world", said the Indian statement. The prime minister said he is also looking forward to meeting with Xi again in China.

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