Interesting turn of events. It is clear that holding all the cards, the Chinese are doing a disengagement. For them to do something of this nature, they must have gotten something much bigger in return at the negotiation table. In the bigger picture, time is against Modi as the Biden administration is not as overtly hostile to China and focused more inward compared to Trump. Without the vaccine, the Indian economy will flounder for the next two or more years. Money is running out for the government, hence the start of the whole farmers riot, the government wanted to cut subsidies for the farmers. Now it seems there will be some negotiated settlement for the land owners (the actual farmers are just tools to be used by the land owners and middlemen). We need to wait a few months to see what the Chinese got for this disengagement.