In a recent statement, Prime Minister Narendra Modi emphasized the importance of India and China, as two major economies, working together to stabilize the world order. This comes amid a backdrop of evolving geopolitical dynamics and a стремление to нормализовать bilateral ties between the two nations.

PM Modi is currently in China for the Shanghai Cooperation Organisation (SCO) Summit in Tianjin, where he is scheduled to meet with Chinese President Xi Jinping. This marks PM Modi's first trip to China in seven years. The meeting signifies a continued effort to mend relations following a period of tension, including a military standoff along the Line of Actual Control (LAC) that began in April-May 2020. Both countries recognize the need to avoid actions that could hurt fragile trust.

Several factors are contributing to this push for cooperation. The growing uncertainty in established markets and the trade and tariff policies of the United States have spurred India and China to seek common ground in preserving the global economic order. Emerging economies like India and China share a common interest in a stable and predictable economic environment.

During a visit to India, Chinese Foreign Minister Wang Yi assured that Beijing would address India's concerns regarding export restrictions on commodities such as fertilizers and rare earth minerals. These restrictions have been a point of contention, and resolving them would help build confidence between the two countries.

The recent improvement in relations has seen both sides agree to resume trade and other ties, as well as work towards resolving the long-running Himalayan border dispute. This includes the resumption of direct flights, the issuing of visas to journalists, and the facilitation of business and cultural exchanges. Both sides have also agreed to a pact on border patrols and have withdrawn additional forces.

PM Modi has noted the importance of "respect for each other's interests and sensitivities". China's Foreign Ministry has stated that the two countries have entered a "steady development track" and should "trust and support" each other. China has also stated that improving ties with India is in the interest of both countries and is the result of joint efforts. According to China's Foreign Ministry, President Xi Jinping's meeting with PM Modi in Kazan, Russia, in October 2024 led to a restart in relations.

However, challenges remain. India has expressed concerns about China's plans to build a large dam on the Yarlung Tsangpo River in Tibet, fearing its impact on downstream communities. Addressing these concerns will be crucial for maintaining trust and fostering cooperation.

Despite these challenges, the overall sentiment is one of cautious optimism. The meeting between PM Modi and President Xi Jinping at the SCO Summit presents an opportunity to further solidify the improving relationship and to reaffirm their commitment to working together to promote stability in the global order.