The recent announcements, following military level talks, mean that both countries have pulled back at the three points in or near the Galwan Valley. However, the more egregious Chinese intrusion at Pangong Tso remains unresolved with China in possession of the disputed northern shore of the lake. As long as the status quo in Pangong Tso is not restored, it will be a case of wishful thinking rather than cool-headed calculation to believe the present crisis is entering the home stretch. It is perfectly possible that the Pangong Tso issue could go on for months, if not years. The Cold War rivals were both status quo powers by the time they began such talks.

Source: Hindustan Times June 11, 2020 13:51 UTC