China and India said on Friday 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. Jaishankar
BEIJING/NEW DELHI - China and India said on Friday 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.
"The two Foreign Ministers agreed that the current situation in the border areas is not in the interest of either side. They agreed therefore that the border troops of both sides should continue their dialogue, quickly disengage, maintain proper distance and ease tensions," they said in the statement.
Wang told Jaishankar 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. Shares of defence-related firms fell in China on Friday after the news of progress in the talks, 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% at one point.The ministers' meeting lasted for two hours and was the latest diplomatic effort to head off a broader conflict between the world's two most populous countries, which went to war in 1962.
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