India And China’s New Cosiness Won’t Last Long: Foreign Media
President of the United States Donald Trump’s is trying to create unexpected bedfellows in Asia protecting U.S. trade interests.
Since a bar In 1962 the two Asian giants, India and China threatened ties between the countries after the most serious border flare-up and after that, both the countries longstanding economic and strategic competitors both are seeing in a thaw in relations.
As it can be been seen that since may it is very easy to export Non-Basmati Rice for India because China has made it easier and has also removed import duties on anti-cancer drugs and both the countries agreed to share data which predicts river flows during the flood season.
it is noticed that since April President of China Xi Jinping and the Prime Minister of India Narendra Modi have met twice, pledging to strengthen bilateral ties.
President of US Donald Trump is trying to make unexpected policy in order to create unpredictable bedfellows and it has ratcheted up global trade tensions with tariff threats against China, Canada, Mexico and the European Union, encouraging many to react and the fray has also joined by India last week, increasing duties on a slew of US imports.
the executive director of an India-based trade thinks tank Bipul Chatterjee said that “China understands that this trade war situation isn’t going to end in a few days and even months, “They wouldn’t want to open more than one battlefront. The focus is now on confronting the US.”
The questions were raised by many observers that whether the friendly relation of China with India will go through. Although the world’s two topmost giant nations had a tense history which is marked by border disputes and China’s growing economic influence in South Asia.
Harsh Pant, an international relations professor at King’s College London said that “I don’t think the fundamentals of the relationship are changing in any way, but the Trump factor is pushing them to coordinate their priorities more closely,”
India is becoming the largest commercial partner of the South Asian economy because it’s two way trade with China touched nearly $90 billion last year, even the bilateral trade gap was $63 billion and according to commerce ministry data India has become the largest commercial partner because it imports Chinese-made heavy machinery, telecom equipment, and home appliances as well.
In the financial year ended March 2014, The deficit was widened from $36 billion which is driving up the current-account gap and adding to the economy’s vulnerability.
India’s most competitive software services companies fray to obtain the Chinese market while the Prime Minister Modi’s flagship ‘Make in India’ is taking initiatives to encourage local manufacturing struggles in the face of the very low cost of imports from China.
Besides another turning point of this so-called relationship between two countries which has been China’s ambitious global infrastructure plans that include projects in New Delhi’s Indian Ocean backyard that domestic analysts worry has a strategic dimension.