India’s embrace of “Economic Nationalism” is directed against China

[GlobalVillageSpace]

Global Village Space |
India’s Department for Promotion of Industry and Internal Trade (DPIIT) took a page from Trump’s playbook by selectively embracing economic nationalism after it revised its foreign investment policy to mandate that companies from neighboring states receive government approval prior to investing within the country.



Although not officially stated in the DPIIT’s notification on the matter, this new policy is being widely interpreted by Indian media as aimed against China, which the local Chinese Embassy also fears is the case.

Chinese Embassy released a statement on Monday reminding their Indian hosts that Chinese investment has driven development in the mobile phone, household electrical appliances, infrastructure, and automobile industries, which has been mutually beneficial.

Read more: Can India and Pakistan fight “Corona War” together?



China reacts to India’s Foreign Investment Policy

The Chinese Embassy then warned that “the additional barriers set by the Indian side for investors from specific countries violate the WTO’s principle of non-discrimination…(and) do not conform to the consensus of G20 leaders and trade ministers to realize a free, fair, non-discriminatory, transparent, predictable and stable trade and investment environment.”

The diplomats who published that message on their embassy’s website concluded by writing that “We hope India would revise relevant discriminatory practices, treat investments from different countries equally, and foster an open, fair and equitable business environment.” While that would be the best outcome for their bilateral relations, it doesn’t appear too likely since India seems intent to exploit the worldwide economic uncertainty caused by COVID-19 in order to advance what it regards as its own interests at China’s expense.

It would be inaccurate to assert that India is opposing globalization per se since it’s only restricting investment from neighboring countries, which is more akin to opposing regionalization than anything else and thus goes against the spirit of both BRICS and the SCO.

Read full article here:

India’s embrace of “Economic Nationalism” is directed against China

 

[Viva_Viet]

Global Village Space |
India’s Department for Promotion of Industry and Internal Trade (DPIIT) took a page from Trump’s playbook by selectively embracing economic nationalism after it revised its foreign investment policy to mandate that companies from neighboring states receive government approval prior to investing within the country.



Although not officially stated in the DPIIT’s notification on the matter, this new policy is being widely interpreted by Indian media as aimed against China, which the local Chinese Embassy also fears is the case.

Chinese Embassy released a statement on Monday reminding their Indian hosts that Chinese investment has driven development in the mobile phone, household electrical appliances, infrastructure, and automobile industries, which has been mutually beneficial.

Read more: Can India and Pakistan fight “Corona War” together?



China reacts to India’s Foreign Investment Policy

The Chinese Embassy then warned that “the additional barriers set by the Indian side for investors from specific countries violate the WTO’s principle of non-discrimination…(and) do not conform to the consensus of G20 leaders and trade ministers to realize a free, fair, non-discriminatory, transparent, predictable and stable trade and investment environment.”

The diplomats who published that message on their embassy’s website concluded by writing that “We hope India would revise relevant discriminatory practices, treat investments from different countries equally, and foster an open, fair and equitable business environment.” While that would be the best outcome for their bilateral relations, it doesn’t appear too likely since India seems intent to exploit the worldwide economic uncertainty caused by COVID-19 in order to advance what it regards as its own interests at China’s expense.

It would be inaccurate to assert that India is opposing globalization per se since it’s only restricting investment from neighboring countries, which is more akin to opposing regionalization than anything else and thus goes against the spirit of both BRICS and the SCO.

Read full article here:

India’s embrace of “Economic Nationalism” is directed against China

Nice, ppl only need food during the pademic. So, its time to dump Xiaomi,Vovo phones in India now. Trying to sanction rice ?? Wow, India bro dont even wanna sell any rice to CN now during the pademic

 

[Jackdaws]

India is an evil coalition of states and should be nuked.

Easy to say. Difficult to do. You guys don't have the balls.

 

[Kyusuibu Honbu]

India is an evil coalition of states and should be nuked.

Well said, afterall degenerative eating habits of Indians has created global pandemic which has killed over 180,000 worldwide. I am sure the whole world would agree with you

 

[Ultima Thule]

Easy to say. Difficult to do. You guys don't have the balls.

And you don't have even entire nooni to fight China

 

[Kyusuibu Honbu]

Easy to say and easy to bait triggered curries.

But easiest of all to slurp on Pangolin soup

 

[rott]

Well said, afterall degenerative eating habits of Indians has created global pandemic which has killed over 180,000 worldwide. I am sure the whole world would agree with you

Another triggered curry boy.
I'm doing well.

 

[Kyusuibu Honbu]

Another triggered curry boy.
I'm doing well.

Pangolin soup slurper engaging in his bucket list
You need to do better

 

[rott]

But easiest of all to slurp on Pangolin soup

@seven0seven we'll keep him occupied here so we can save a girl child.

Pangolin soup slurper engaging in his bucket list

Triggered curry boy!!!!

 

[Kyusuibu Honbu]

@seven0seven we'll keep him occupied here so we can save a girl child.

Given China's sex ratio, you are doing a mighty fine job, keep on slurping pangolin soup

 

[rott]

Pangolin soup slurper engaging in his bucket list
You need to do better

Come on, I am waiting for more of that common anger of yours.

Given China's sex ratio, you are doing a mighty fine job, keep on slurping pangolin soup

you're doing really well. Keep it up, boy!!!

 

[Ultima Thule]

Pangolin soup slurper engaging in his bucket list
You need to do better

And you're not eats rats or other dirty stuff you're not angel either

 

[Menthol]

When someone labels you as an enemy out of nowhere...

It means they realized that you are actually good.

I think it's good if India wants to be better than China.

It's an encouragement for themselves to improve.


But India has history of hating any foreign country.

They are weak, not good for competition.


But it's funny.

In their media, they always say about bringing foreign investment from China to India.

But when it happens, they reject and punish everyone who invests in India.

Like the case above.

Nokia's case is repeated again.

 

[rott]

When someone labels you as an enemy out of nowhere...

It means they realized that you are actually good.

I think it's good if India wants to be better than China.

It's an encouragement for themselves to improve.


But India has history of hating any foreign country.

They are weak, not good for competition.


But it's funny.

In their media, they always say about bringing foreign investment from China to India.

But when it happens, they reject and punish everyone who invests in India.

Like the case above.

Nokia's case is repeated again.

Yes, they should be nuked. Flattened. Done and dusted.

 

[Kyusuibu Honbu]

Come on, I am waiting for more of that common anger of yours.

Control your masochistic urges, this isn't that kind of forum