An article in the Chinese state-run Global Times today said: "A media report stating that nearly 100 Indian tanks have been positioned near the Indo-China border to counter any possible threat grabbed people's attention as more Chinese firms are looking to increase their investment in India. However, it is puzzling that while deploying tanks near China's border, India still strives to woo Chinese investment."
It added: "The deploying of tanks near the Indo-China border may hit a nerve within the Chinese business community, causing investors to weigh the threat of political instability when they make investment decisions."
NDTV had reported on Tuesday that nearly 100 tanks have been positioned in eastern Ladakh, a signal that India is determined to assert its rights over parts that China has tried to claim as its own with an aggressive military and infrastructure build-up.
The Global Times article said, "China and India share a large potential for economic and trade cooperation, and while this may make Chinese enterprises enthusiastic about investment opportunities in the Indian market, those firms should remain calm in the face of investing risks".
According to a Global Times report in May, Chinese investments in India grew six-fold last year to 870 million dollars.
India, weighed down by a trade deficit with China, has been pressing Beijing to step up investments and has removed a number of security-related issues for smooth flow of Chinese investments.
Acknowledging India's efforts to improve investment climate, Global Times said today: "In the long run, there is large potential for a successful relationship between China and India, especially in the manufacturing sector. In order for that possibility to become a reality, both China and India will need to work hard to clear up misunderstandings in a bid to lay a solid foundation for the sustainable development of economic and trade cooperation," it said.
Source : ndtv
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