India boycotts China's OBOR meet; outs diplomatic pressure on CPEC
PTI India boycotted China's high-profile Belt and Road Forum, taking its protest over a controversial economic corridor traversing through Pakistan- occupied Kashmir (PoK) to a new level despite Beijing's overtures to ensure New Delhi's participation. Following India's boycott, Pakistan Prime Minister Nawaz Sharif, taking a veiled swipe at New Delhi's move, said the multi-billion dollar China-Pakistan Economic Corridor (CPEC) was an economic project open to all the nations in the region and it "must not be politicised". No Indian official of any level was present at the elaborate opening ceremony attended by 29 heads of state and government along with top officials of the world bodies like the UN, the World Bank and the IMF. India skipped the ...
Chinese envoy proposes action plan to resolve Sino-India differences
The Dollar Business Bureau Extending an olive branch to India, Chinese envoy Luo Zhaohui proposed a four-pronged plan to resolve disputes, and further a friendly Sino-Indian bilateral cooperation. “Firstly, start negotiation on a China-India Treaty of Good Neighbourliness and Friendly Cooperation. Secondly, restart negotiation of China-India Free Trade Agreement. Thirdly, strive for an early harvest on the border issue. Fourthly, actively explore the feasibility of aligning China’s ‘One Belt One Road Initiative, and India's 'Act East Policy',” Luo said, in his address to the United Service Institution on May 5, 2017. While many sensitive issues, including China’s opposition to India’s Nuclear Suppliers Group (NSG) membership, have put daylight between the two nations, this move showcases China’s willingness to meet India half-way through. Speaking ...
Offer mooted to align 'Made in China' with 'Make in India'
The Dollar Business Bureau China has offered to align its ‘Made in China’ campaign align with Prime minister Narendra Modi’s ‘Make in India’ to initiate and facilitate the capital inflow from China to India. China has also demanded a ‘red carpet’ for its investors instead ‘red tape’. “New strategy Made in China 2025 features innovation and high end manufacturing. It can be aligned with PM's Make in India plan,” said Le Yucheng, Chinese Ambassador to India. Talking to the Indian media before the arrival of first set of Indian pilgrims to travel to Manasarovar in Tibet via the newly opened Nathu la Pass in Sikkim on June 21, Le said that Chinese investment in India accounted only for a few hundred million ...
