Dalai Lama
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Not necessarily.
As long as Pakistan remains an ally of China (which I believe will be forever) that will be fine, it won't matter much if they become more friendly with India.
The Sino-Pakistan relationship was first developed because of mutual conflict with India, however nowadays it has become geopolitical and economic (Gwadar port for instance will protect us from naval blockades).
The enmity with India still remains of course, as everyone knows. Given that, I would love to see you guys solving your age-old problems with each other, that would bring more stability to the region and hence will be good for the regional economy.
So, the situation has changed from a bilateral issue to a trilateral one and I can see it becoming a global issue in future.