China, locked in trade war with U.S., agrees to tackle India's trade deficit

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China, locked in trade war with U.S., agrees to tackle India's trade deficitChinese President Xi Jinping and Indian Prime Minister Narendra Modi agreed at a summit on Saturday to set up a high-level group to tackle India’s galloping trade deficit with the world’s second-biggest economy, a top Indian diplomat said. Xi and Modi held nearly six hours of talks in an Indian seaside town in their second annual summit designed to break through decades of distrust over border disputes, trade rows and China’s close military ties with India’s arch rival, Pakistan. Relations were ruffled further in August when India revoked the special status of the Himalayan territory of Kashmir, angering both Pakistan, which claims the region, and its all-weather ally China.


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