2017-5-14 Indias tanks at LAC could affect investments: Chinese media | india-news | Hindustan Times

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Indias tanks at LAC could aect investments: Chinese media

Chinas state media, on Thursday, cautioned that New Delhis decision to deploy combat vehicles near its border could lead to misunderstandings and
impact the ow of Chinese investment into India.

INDIA (HTTP://WWW.HINDUSTANTIMES.COM/INDIA-NEWS/) Updated: Jul 21, 2016 15:38 IST

Sutirtho Patranobis
Hindustan Times

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2017-5-14 Indias tanks at LAC could affect investments: Chinese media | india-news | Hindustan Times
Military ofcials at the Sino-Indian Border Personnel Meet held for the rst time in the Daulat Beg Oldie area in Ladakh in August last year. India had boosted its military
presence along the Line of Actual Control with T-72 tanks in Ladakh. The deployment of soldiers has also increased. China has also been ramping up its military
infrastructure in the area.(Twitter)

New Delhis decision to deploy dozens of battle tanks near its border with China might lead to misunderstandings
between the two countries and also impact the ow of Chinese investment into India, a Chinese state-run media report
said on Thursday.

The opinion piece in nationalistic tabloid Global Times said it was puzzling that India was stationing 100 Russian
second-generation T-72 tanks at the Line of Actual Control (LAC) at a time when it is also wooing Chinese investment.

The newspaper was reacting to reports in a leading Indian daily earlier this week that said the Indian army was deploying
the tanks in Ladakh for the rst time since the 1962 war between India and China. The Indian report said the move was
not aimed at China but rather to ensure the tanks stayed in ghting condition in the sub-zero temperatures typical of the
high-altitude region of Jammu and Kashmir.

Ties between the two countries, prickly at the best of times, worsened after China stonewalled Indias membership of the
Nuclear Suppliers Group last month. Beijing has also been alarmed by New Delhis growing closeness with the United
States as well as its expanding role in the South China Sea that the Chinese authorities consider as part of their sovereign
territory.

But despite their political differences, China remains one of Indias largest trading partners.

Thursdays Global Times report suggested China was doing India a favour by investing in a country where people were
illiterate and the business environment bad.

In an index on the ease of doing business, from the World Bank, India currently ranks 130 out of 189. Despite Indias
stated goal to rise to within the top 100 this year, the nation has its work cut out for them, it said.

Additionally, the illiteracy rate in India remains high and continues to hinder the countrys efforts to improve its
productivity, adding to evidence that India cannot make itself a promised land for Chinese manufacturers overnight.

On top of all this, India is deploying tanks! said the opinion piece written by Hu Weijia.

Chinese outbound investment has gone up by about 58.7% in the rst half of the year.

This new wave of Chinese investment only just begins to meet Indias rising import demands. The Peoples Daily said
Wednesday that the Modi administration has recently promoted a second round of reforms to attract more overseas
investment by allowing foreign rms to increase their shareholding in local enterprises.

However, it is puzzling that while deploying tanks near Chinas border, India still strives to woo Chinese investment.

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