China may match Japan's investments during Xi Jinping's visit

[$@rJen]

China may match Japan's investments during Xi Jinping's visit

Chinese President Xi Jinping, who is visiting New Delhi later this month, is likely to match Japan's recent offer of investments.

Saibal Dasgupta, TNN | Sep 3, 2014, 03.07AM IST
BEIJING: Acutely aware of the growing India-Japan linkage, China on Tuesday indicated it was ready to pull out several stops to substantially enlarge its investments in India. Chinese President Xi Jinping, who is visiting New Delhi later this month, is likely to match Japan's recent offer of investments.

"When President Xi visits India, you can expect a sense of camaraderie and the kind of friendship which will bring a complete change in the manner the two neighbors are engaged," said Nirmala Sitharaman, minister of state for commerce and industry, after day-long meetings with Chinese officials led by her Chinese counterpart Gao Hucheng.

Chinese officials did not mention Prime Minister Narendra Modi's visit to Japan during their discussions with the Indian minister. But given China's business and political rivalries with Japan, it is most likely that Beijing's enthusiasm to Sitharaman's suggestions was influenced by talks between Modi and Japanese Prime Minister Shinzo Abe.

"They also want to make a good success of President Xi's visit. They are working to have some good decisions announced during the Xi visit," Sitharaman said. She expected some major investment decisions concerning the agreement on industrial parks signed in June.

One possible area could be railway infrastructure, though it may not be in bullet trains, Sitharaman told reporters in Beijing. Japan has already agreed to assist India in introducing bullet trains.

"Issues are no longer being debated. These are now reaching a stage where resolutions are most likely," Sitharaman said. Chinese commerce minister was very receptive to India's concerns about market entry problems of Indian pharmaceutical and information technology industries.

Chinese teams have already visited a few states including Gujarat, Maharashtra, probably Madhya Pradesh, and "one of the southern states" to finalize their investment plans for industrial parks, she said.

The Indian minister was pleasantly surprised to hear her Chinese counterpart express deep understanding over India's recent stand at the World Trade Organization although China took a different stance.

"It's gratifying to know that Chinese understand the difficulties that we expressed," she said.

 

[Abingdonboy]

China may match Japan's investments during Xi Jinping's visit

Chinese President Xi Jinping, who is visiting New Delhi later this month, is likely to match Japan's recent offer of investments.

Saibal Dasgupta, TNN | Sep 3, 2014, 03.07AM IST
BEIJING: Acutely aware of the growing India-Japan linkage, China on Tuesday indicated it was ready to pull out several stops to substantially enlarge its investments in India. Chinese President Xi Jinping, who is visiting New Delhi later this month, is likely to match Japan's recent offer of investments.

"When President Xi visits India, you can expect a sense of camaraderie and the kind of friendship which will bring a complete change in the manner the two neighbors are engaged," said Nirmala Sitharaman, minister of state for commerce and industry, after day-long meetings with Chinese officials led by her Chinese counterpart Gao Hucheng.

Chinese officials did not mention Prime Minister Narendra Modi's visit to Japan during their discussions with the Indian minister. But given China's business and political rivalries with Japan, it is most likely that Beijing's enthusiasm to Sitharaman's suggestions was influenced by talks between Modi and Japanese Prime Minister Shinzo Abe.

"They also want to make a good success of President Xi's visit. They are working to have some good decisions announced during the Xi visit," Sitharaman said. She expected some major investment decisions concerning the agreement on industrial parks signed in June.

One possible area could be railway infrastructure, though it may not be in bullet trains, Sitharaman told reporters in Beijing. Japan has already agreed to assist India in introducing bullet trains.

"Issues are no longer being debated. These are now reaching a stage where resolutions are most likely," Sitharaman said. Chinese commerce minister was very receptive to India's concerns about market entry problems of Indian pharmaceutical and information technology industries.

Chinese teams have already visited a few states including Gujarat, Maharashtra, probably Madhya Pradesh, and "one of the southern states" to finalize their investment plans for industrial parks, she said.

The Indian minister was pleasantly surprised to hear her Chinese counterpart express deep understanding over India's recent stand at the World Trade Organization although China took a different stance.

"It's gratifying to know that Chinese understand the difficulties that we expressed," she said.

India and China competing like this is only benefiting India. IF the Chinese do match the Japanese- $70BN worth of deals to be spread out over 5 years isn't bad for a couple of week's work at all.

 

[axisofevil]

So what the f-k were the CHinese doing before Modi?

 

[Sahasranama]

So what the f-k were the CHinese doing before Modi?

Waiting for the right man to ensure their investments were safe ? ......... seems like the whole world (including Indians) was waiting for Modi

 

[WishLivePak]

wish Pakistan could have competition like that... 70b each or 140b. It'd create so many jobs, raise literacy and reduce poverty

 

[Abingdonboy]

wish Pakistan could have competition like that... 70b each or 140b. It'd create so many jobs, raise literacy and reduce poverty

$35BN (around) each- Japanese pledged that much a few days ago for certain infrastructure megaprojects. If China matched that this would be $70BN. It should be noted this is on top of the tens of billions of USD worth of investments already made in Indian projects in the past few years and going on today by the Japanese and Chinese.

You are right about creating jobs and such- these funds are ring fenced for decimated infrastructure projects overseen by a special team directly under the PMO (no margin for "loss" between middle-men and such). These mega projects are going to employ tens of thousands and improve the lives of millions as a result. Improvements in infrastructure will also contribute to a boost in the economy.

 

[WishLivePak]

$35BN (around) each- Japanese pledged that much a few days ago for certain infrastructure megaprojects. If China matched that this would be $70BN. It should be noted this is on top of the tens of billions of USD worth of investments already made in Indian projects in the past few years and going on today by the Japanese and Chinese.

You are right about creating jobs and such- these funds are ring fenced for decimated infrastructure projects overseen by a special team directly under the PMO (no margin for "loss" between middle-men and such). These mega projects are going to employ tens of thousands and improve the lives of millions as a result. Improvements in infrastructure will also contribute to a boost in the economy.

When people earn money, children are fed and enough money so they go to school. If family is hungry, children are forced to work.

I admire how India is looking at this. Getting people out of poverty is essentially raising litercy. Violence and illitercy is high in places with poverty, like Somalia.

 

[Abingdonboy]

When people earn money, children are fed and enough money so they go to school. If family is hungry, children are forced to work.

Agreed, I can't remember what it was I was watching but it was a documentary about a slum in Mumbai. Many of the parents spent most of their meagre income on private education for their children and a note the (white) tv presenter made was all the children in the slum (that he could see) went to school and all had immaculate uniforms- education is the ultimate equaliser and the true assassin of poverty. This (small scale but scalable) example gave me great hope for India- these unfortunate people have been born into an awful situation but they have not let it deterred them and are ensuring their children have a better life than they did. For this reason there is plenty of reason to see that India has a bright future.


Now all these children need jobs when they come of age and this is the next major challenge the govt needs to address- the good news is they seem to be aware of this and are taking steps to do so.

 

[Genesis]

So what the f-k were the CHinese doing before Modi?

tried, but failed, too much red tape and other nonsense. Your article on another thread mentioned this.

 

[Contrarian]

Hey @Horus , thats how you run a country

The lost period of last 5 years are over!

tried, but failed, too much red tape and other nonsense. Your article on another thread mentioned this.

Not to mention, GoI under Congress was not really progressive. They kept a blanket ban on Chinese investment in like 99% of the sectors. Bad approach.

We will now have a non-discriminatory approach for Chinese companies. They are good, they should also compete in the market.

 

[Fireurimagination]

Japan - China rivalry & India laughs all the way to the bank

 

[Abingdonboy]

Japan - China rivalry & India laughs all the way to the bank

This is the way things should be done- gain something out of rivalries, don't just get caught in the crossfire and get yourself hurt in the fray. Like I said- India wins from this situation, that $1+ TRILLION USD infrastructure roadmap isn't going to pay for itself!

 

[Sahasranama]

Japan - China rivalry & India laughs all the way to the bank

During US Russia rivalry and we were laughing in the poor house and China laughed all the way to the bank.

Don't you think we need to correct that part of history ?

 

[Levina]

China may match Japan's investments during Xi Jinping's visit

Chinese President Xi Jinping, who is visiting New Delhi later this month, is likely to match Japan's recent offer of investments.

Saibal Dasgupta, TNN | Sep 3, 2014, 03.07AM IST
BEIJING: Acutely aware of the growing India-Japan linkage, China on Tuesday indicated it was ready to pull out several stops to substantially enlarge its investments in India. Chinese President Xi Jinping, who is visiting New Delhi later this month, is likely to match Japan's recent offer of investments.

"When President Xi visits India, you can expect a sense of camaraderie and the kind of friendship which will bring a complete change in the manner the two neighbors are engaged," said Nirmala Sitharaman, minister of state for commerce and industry, after day-long meetings with Chinese officials led by her Chinese counterpart Gao Hucheng.

Chinese officials did not mention Prime Minister Narendra Modi's visit to Japan during their discussions with the Indian minister. But given China's business and political rivalries with Japan, it is most likely that Beijing's enthusiasm to Sitharaman's suggestions was influenced by talks between Modi and Japanese Prime Minister Shinzo Abe.

"They also want to make a good success of President Xi's visit. They are working to have some good decisions announced during the Xi visit," Sitharaman said. She expected some major investment decisions concerning the agreement on industrial parks signed in June.

One possible area could be railway infrastructure, though it may not be in bullet trains, Sitharaman told reporters in Beijing. Japan has already agreed to assist India in introducing bullet trains.

"Issues are no longer being debated. These are now reaching a stage where resolutions are most likely," Sitharaman said. Chinese commerce minister was very receptive to India's concerns about market entry problems of Indian pharmaceutical and information technology industries.

Chinese teams have already visited a few states including Gujarat, Maharashtra, probably Madhya Pradesh, and "one of the southern states" to finalize their investment plans for industrial parks, she said.

The Indian minister was pleasantly surprised to hear her Chinese counterpart express deep understanding over India's recent stand at the World Trade Organization although China took a different stance.

"It's gratifying to know that Chinese understand the difficulties that we expressed," she said.

Increasing its stakes in India would mean that the China would maintain a friendly relation with India for long.I hope there's only a healthy competition that remains among the 2 neighbors.

 

[Maravan]

Hope this will be a win-win period for India under modi.