The upcoming BRICS Summit is scheduled to get open on September 2, in Xiamen, East China's Fujian Province.
If both China and India can work together, they will benefit not only themselves but also Asia and the world.
Bhutan on Tuesday welcomed the end of the more than two-month-long military standoff between India and China on its Doklam plateau, sparked by Beijing's move in June to construct a road across it. "So far we have resolved the issue of illegal trespass of the Indian troops", she said.
During this period, China repeatedly told India to withdraw its troops. "We will make an overall assessment of the weather conditions and all related factors, and according to the actual circumstances, complete construction plans for the Dong Lang (Doklam) area", Xinhua quoted Chinese Foreign Ministry spokesperson Hua Chunying as telling a daily news briefing. "It was a humiliating defeat for China to cave in to pressure from India despite all the tough talk", Yue said.
India said it sent its troops because Chinese military activity there was a threat to the security of its own northeast region.
Rohan Mukherjee, an Asian affairs expert at Yale-NUS College, Singapore, said the Doklam crisis had altered expectations on both sides.
The party, however, insisted that India continue to hold on to a "firm ground position" at the border.
While experts were divided over which side was the victor in the latest episode of a long-running territorial dispute that goes back half a century, they agreed it would put serious strain on bilateral ties and would take time to heal.
Also, both countries are the most populous in the world, with huge potential to be twin engines of economic growth in the world.
India is expected to surpass China in innovation competitiveness between 2025-2030, BRICS Innovative Competitive Report 2017 released by China Science and Technology Exchange Center said today.