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PM Modi lands in China after 7 years; Xi meeting gains significance amid US tariff tensions

by London 24/7
in Finances
Reading Time: 2 mins read
PM Modi lands in China after 7 years; Xi meeting gains significance amid US tariff tensions

Amidst the growing tension between India and the United States over increased tariffs, Prime Minister Narendra Modi’s upcoming trip to China has sparked immense interest. Scheduled to meet with Chinese President Xi Jinping on Sunday, this visit holds great significance in the current geo-political climate.

The strained relations between India and the US have been a hot topic of discussion in recent times. The two nations have been at odds over various issues, including trade policies and diplomatic disagreements. However, in the midst of this, Modi’s visit to China has generated hope for improved relations between the two Asian giants.

The timing of this visit is crucial, as the current global trade scenario is witnessing a rise in protectionism. The world is looking towards major economies like India and China to maintain stability and promote free trade. India and China, being the two fastest-growing major economies, hold immense potential to shape the global economic landscape.

Modi’s visit to China is aimed at strengthening economic and strategic ties between the two nations. The two leaders are expected to discuss various bilateral issues, including trade, investment, and regional security. They will also be reviewing the progress of their border dispute resolution, a long-standing issue between the two nations.

This will be Modi’s second visit to China in less than a year, indicating the growing importance of this partnership. Last year, the two leaders had met at the Wuhan informal summit, where they had agreed to work towards building a more stable and balanced relationship. This visit is a continuation of that effort and is expected to further deepen the ties between India and China.

The economic cooperation between India and China has seen tremendous growth in recent years. The two nations have set a target of $100 billion bilateral trade by 2022. However, the current trade figures are nowhere close to this target. The trade deficit between the two nations has also been a major concern for India. Modi’s visit is seen as an opportunity to bridge this gap and boost economic ties.

Apart from economic cooperation, the two leaders are also expected to discuss regional and global issues of mutual interest. With both India and China playing vital roles in global forums like BRICS and SCO, their cooperation is crucial for promoting peace and stability in the region.

The India-China relationship has often been described as a “chessboard with multiple players”. Both nations share a complex history, and their relationship has been marred by border disputes and strategic differences. However, in recent years, both nations have shown a willingness to put aside their differences and work towards a more cooperative relationship.

The Wuhan summit last year and Modi’s upcoming visit to China are indicative of this positive shift. The two leaders are expected to build upon the progress made during the Wuhan summit and take the relationship to new heights.

The fact that Modi’s visit to China comes at a time when India is facing trade tensions with the US is significant. It shows India’s determination to maintain strong partnerships with all major global players and not be influenced by external pressures.

In conclusion, Modi’s visit to China is a reflection of the strong ties between the two nations, and it is expected to further strengthen the bilateral relationship. With both India and China rising as major economic powers, their cooperation is crucial for the stability and growth of the region. This visit holds immense potential to not only boost economic ties but also promote peace and stability in the region.

Tags: Prime Plus
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