India Is Right In Subjecting Chinese Investments To Greater Scrutiny
Linus tackles things head-on. He takes sides in his analysis and it fits excellently with our editorial policy. No 'maybe's' and 'allegedly' for him, only things in black and white.
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By Linus Garg
First publised on 2024-09-01 13:57:26
About the Author
Linus tackles things head-on. He takes sides in his analysis and it fits excellently with our editorial policy. No 'maybe's' and 'allegedly' for him, only things in black and white.
View all posts by this Author
Speaking at The Economic Times World Leaders Forum, External Affairs Minister S Jaishankar did not mince words when he said that given the border issue and the state of the relations between India and China, it was "common sense" for India to scrutinise Chinese investment made in the country. He emphasised that even countries that did not have any 'special problems' with China routinely vetted Chinese investments due to security concerns. He also said that there was a thin line between economic and security issues. What is understood from this although not stated by him is the fact that Chinese investments are never transparent and it is not always clear who is investing.
This is one thing about Chinese investments that is problematic all over the world. Every country, except those who have been embraced by the Chinese in a tight hug, treats Chinese investments with suspicion. Even those countries that gleefully accept it find to their discomfort that it comes with too many riders and in the end, mostly leads to economic subjugation. Hence, India is right in subjecting Chinese investments to a greater degree of scrutiny and not allowing unrestricted investment from that country. With a huge trade deficit in India's disfavour and border and territorial issues that refuse to be amicably settled, India cannot allow the Chinese to unsettle the Indian economy by investing a disproportionately huge amount that can give them an upper hand economically.
