China and India said they had agreed to de-escalate renewed tensions on their contested Himalayan border and take steps to restore 'peace and tranquillity' following a high-level diplomatic meeting in Moscow.
BEIJING/NEW DELHI - China and India said they had agreed to de-escalate renewed tensions on their contested Himalayan border and take steps to restore “peace and tranquillity” following a high-level diplomatic meeting in Moscow.Chinese State Councillor Wang Yi and Indian Foreign Minister S.
Shares of defence-related firms fell in China early Friday after the news, with the CSI National Defense Industry Index down 1.2% and on track for its steepest weekly decline since Oct. 12, 2018. Tongyu heavy Industry shares tumbled as much as 16.4%. Wang told Jaishankar during the meeting the “imperative is to immediately stop provocations such as firing and other dangerous actions that violate the commitments made by the two sides,” China’s foreign ministry said in a statement on Friday.
“The Chinese side must be fully prepared to take military action when diplomatic engagement fails, and its frontline troops must be able to respond to emergencies, and be ready to fight at any time,” the newspaper said.
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