India, March 17 -- Beijing on Monday welcomed Prime Minister Narendra Modi's remarks on India-China cooperation being essential for global stability and prosperity, and said the Chinese side stands ready to work with New Delhi to rebuild bilateral ties.

Modi said in a podcast aired on Sunday that differences between neighbours such as India and China are natural, but these shouldn't turn into disputes since bilateral cooperation is necessary for global stability and prosperity. He acknowledged that incidents on the Line of Actual Control (LAC) in 2020 created "significant tensions" and said the two sides are working to normalise their relationship.

Chinese foreign ministry spokesperson Mao Ning responded to Modi's remarks at a media bri...