This sounds like good news to me:

CHINA and India have signed a series of agreements to boost trade and improve relations between Asia’s two fastest growing economies, including a pact aimed at resolving a decades-old border dispute.

The border accord, signed in the presence of visiting Chinese Premier Wen Jiabao and Indian Prime Minister Manmohan Singh, sets out a program to solve the dispute without force.

The Asian giants have also set themselves a target of increasing bilateral trade to $US20 billion by 2008 from a current $US14 billion, a joint statement said.

And, in a related story:

BEIJING — A top-to-bottom modernization is transforming the Chinese military, raising the stakes for U.S. forces long dominant in the Pacific.

Several programs to improve China’s armed forces could soon produce a stronger nuclear deterrent against the United States, soldiers better trained to use high-technology weapons, and more effective cruise and anti-ship missiles for use in the waters around Taiwan, according to foreign specialists and U.S. officials.

In the past several weeks, President Bush and his senior aides, including Defense Secretary Donald H. Rumsfeld, Secretary of State Condoleezza Rice and Director of Central Intelligence Porter J. Goss, have expressed concern over the recent pace of China’s military progress and its effect on the regional balance of power.