Indian Prime Minister Narendra Modi told visiting Chinese President Xi Jinping on Saturday that relations between their countries have attained stability and momentum in the past year, something that should enable them to manage their differences and avoid disputes.
The two countries' ancestors have overcome various obstacles to carry out extensive exchanges and promote the development of literature, art, philosophy and religion, which have greatly benefited both sides, Xi said.
The one-on-one talks between PM Modi and Xi Jinping over the last two days have exceeded five hours.
Xi said in his opening remarks to the summit delegations that he and Modi held "candid discussions as friends".More news: Greece's Tsitsipas beats world number one Djokovic to reach Shanghai Masters semis
The leaders reiterated the consensus reached during the first Informal Summit in Wuhan, China, in April 2018, that India and China are factors for stability in the current global landscape and that both side will prudently manage their differences and not allow differences on any issue to become disputes. He said, the Chennai Connect will herald a new era of bilateral cooperation. Modi, a conservative Hindu politician, said India and China have been economic powers that traded with one another "for the most part of the last 2000 years". "President Xi Jinping said that China was ready to take honest action".
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.
At the end of the talks, both the leaders saw a live demonstration of weaving silk sarees and visited a handicrafts exhibition.
On Saturday, members of the Chinese diaspora gathered outside the hotel where President Xi Jinping is staying in Chennai.More news: Nikon's Z50 is official: the company's most affordable mirrorless camera yet
However, he added that President Xi did mention the visit of the Pakistan Prime Minister to China earlier this week.
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. Modi said that Indian looks forward to this and it is important that balanced is maintained in goods and services, and investments. President Xi welcomed the presence of Indian Information Technology (IT) and pharma companies.
In the run-up to the informal summit, Indian officials had said that Modi will not raise the issue of Kashmir on his own, but could clarify Indian position if Xi sought a clarification. They also shared their respective approaches towards national development. They emphasised that efforts being made in their respective countries to address global developmental challenges, including climate change and the Sustainable Development Goals would help the worldwide community achieve the targets.
Narendra Modi has reiterated that differences should not escalate into disputes between India and China, adding that the two Asian giants have so far successfully implemented a vision adopted during the Wuhan Informal Summit.More news: Oil prices rise due to protests in Iraq, Ecuador
The two leaders enjoyed a thrilling cultural performance at Shore Temple's complex in the evening.