India, Feb. 23 -- China agreement on Pangong Tso may have temporarily halted the LOC-ization of the LAC

AS India and China withdraw from the north and south banks of Pangong Tso lake, both sides have stayed short of claiming victory. The defence minister Rajnath Singh made a restrained statement in parliament on the Pangong Tso agreement. He said that "both sides will cease their forward deployments in a phased, coordinated and verified manner". Similarly, the newspaper Global Times that articulates Chinese government policy has been measured and factual in its analyses of the development. The paper's editorials normally adopt a belligerent and taunting tone towards India.

On closer look, the agreement is a win-win situation for both th...