Since the beginning of Covid-19, Chinese President Jinping has not been on the foreign letter except for a one-day visit to Hong Kong. Shanghai will be monitored by Operation Agniisation Summit (SCO Summit), which is going to start in Uzbekistan from today. It is no coincidence that last week China decided to end the conflict situation along the Hot Springs-Gogra on the Line of Actual Control (LAC). However, status quo is maintained on Depsang and Demchok. But after August 2021, such a decision has been taken on the LAC for the first time after 16 commander-level talks. The question arises, why now?
For Xi Jinping, this summit matters in the context of tensions with India. Prime Minister Narendra Modi has been refusing to meet or talk to Jinping ever since the Chinese army attempted to infiltrate along the LAC and killed 20' Indian soldiers in Galwan. For several months, Chinese interlocutors have been trying to organize a meeting between the leaders of the two countries, but Modi has said that the situation of conflict on the LAC ends first, then it will be seen. In Uzbekistan, Jinping is expected to meet other Central Asian leaders including Modi and Vladimir Putin. The important 20th National Congress will be held in China in October. Jinping has understood that there is no point in trying hard with India, the world's fifth-largest economy and second-largest consumer market. There was a standoff on the LAC for 28 months,
But the initiative of reconciliation came from Jinping's side. If Modi and Jinping meet at the summit, it will give Modi a chance to present his point of view to Jinping. Modi has to choose his words carefully. But he should not repeat the mistakes which the prime ministers before him have been repeating. India's rise as a swing power in the ongoing competition between the West and China puts it in a better position and Modi should take advantage of that. In April 2020, when Jinping sent troops to the disputed areas located on the LAC, he would not have expected concrete resistance from the Indian Army.
China's economy is collapsing. Its real estate sector, which used to contribute 32% to its GDP, is collapsing. The big reality developers have gone bankrupt. Projects are lying unfinished, while home buyers are being forcibly collected EMIs. In response, thousands of people have stopped paying EMIs and are staging a sit-in in front of banks. Such scenes are not common in a country like China, as if this was not enough, then Kovid has made the situation worse. Most Chinese elders have not been vaccinated and are in danger before Omicron.