 "Mamallapuram: Prime Minister Narendra Modi with Chinese President Xi Jinping, at Fisherman's Cove in Kovalam near Mamallapuram , Saturday, Oct. 12, 2019. (Twitter/PTI Photo)(")
India and China are setting up a new mechanism under the Finance Minister of India and Chinese Vice-Premier, to works towards reducing trade deficit and improving investment and services. The development, confirmed by Foreign Secretary, follows the two-day informal summit between Prime Minister Narendra Modi and Chinese President Xi Jinping.
Bilateral trade between the two countries currently stands at $87 billion. Xi told Modi that he would work towards reducing India's huge trade deficit with China.
Gokhale said the Kashmir issue was neither raised nor discussed. "Our position is anyways very clear that this is an internal matter of India,"
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