According to Observer.com, not long ago, the Chinese and Indian forces on the north and south shore of Pangong Lake began to disengage. Since then, Sino-Indian relations seem to have undergone positive changes. Reuters interviewed three Indian government officials and published an article saying that as the border situation eases, relations between the two countries will also be unfrozen. In the next few weeks, India may approve some new investment proposals from China. It will have a positive impact on the relations between the two countries.
Previously, at the most tense moment of Sino-Indian relations, India adopted a number of targeted policies against China, including banning hundreds of Chinese applications, preventing Chinese companies from participating in government tenders, and forcing Chinese companies to invest in India. Approval procedures and restrictions on investment by Chinese companies. It is reported that since last June, due to policy influences, China's investment trend has gradually weakened, and more than 150 proposals from China have been shelved, involving more than US$2 billion. However, as relations between the two countries have eased, these policies may undergo some changes. Sources said that in addition to approving new investment proposals, India may also "give the green light" to Chinese companies.
Indian officials revealed to Reuters that after the completion of the first round of approvals for new investments, the Indian government may consider approving some urban land projects to be redeveloped that will not pose a risk to national security, that is, for existing projects New investment. In addition, the Indian government may also allow some Chinese enterprises in some industries to go through automatic approval channels, even without government review. Indian officials said that investments in non-sensitive areas that receive automatic approval treatment may account for 20% of investments in this area.
In fact, this is not the first time India has sent positive signals to China. Prior to this, India abolished anti-dumping duties on some Chinese steel products, and tariffs on some steel products have also been reduced. The Indian Finance Minister said that this was related to the sharp rise in steel prices some time ago. From November to December last year, Indian steel prices rose by an astonishing 25%. Although large Indian companies were not affected much, SMEs were hit hard. In order to protect small and medium-sized enterprises, the Indian government had to "seeking assistance" from China.
It is worth noting that after the easing of relations between China and India, the Indian opposition party "fired" Modi. The leader of the Indian National Congress Party, Rahul Gandhi, claimed that the Modi government had reached a "counterfeiting agreement".He also angered that Modi is "a coward who can't fight China." In response, the Indian Ministry of Defense responded that the criticism was "misleading."
Some analysts believe that the reason India sends a positive signal to China is because India has no choice. Last year, Modi proposed a "self-reliance" policy and adopted restrictive measures against Chinese companies in an attempt to curb China's economic influence in India. However, India has not gained much benefit in this "war". There are reports that China is still India’s largest trading partner and source of imports. As of September last year, China’s share of India’s total imports reached 18.3% in the last six months. Among them, this figure is 13.7%. Earlier reports stated that Indian companies have not gotten rid of their dependence on Chinese products. Compared with Indian products, Chinese products are more trustworthy. After the “self-reliance” policy is facing a dilemma, it is not surprising that India will turn its attention to China again.
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