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CHINESE MOUTHPIECE WARNS INDIA
- As US-China tensions escalate over a wide range of issues covering almost every realm, some are predicting that the world’s two largest economies are about to enter a new Cold War.
- At this juncture india needs to be careful about being involved in the US-China rivalry
CHINESE MOUTHPIECE WARNS INDIA
- “Such irrational voices are nothing but misleading, which should not represent the mainstream voices and sway the Indian government’s stance. Fundamentally speaking, India has little to gain from engaging in a US-China conflict over any topic, with more to lose than gain, which is why the Modi government needs to face the new geopolitical development objectively and rationally,” Beijing said.
WHAT GLOBAL TIMES SAID
- Threatening New Delhi of snapping economic ties, Beijing further said, “If in a new Cold War, India leans toward the US or becomes a US pawn attacking China, the economic and trade ties between the two Asian neighborswill suffer a devastating blow. And it would be too much for the Indian economy to take such a hit at the current stage.”
HOW CHINA CAN HURT INDIA ECONOMICALLY
- India’s trade deficit with China was 391.7 billion yuan ($56.8 billion) in 2019, an official from China’s General Administration of Customs (GAC) said.
- otalbilateral trade was 639.5 billion yuan (about $93 billion) in 2019, up 1.6 percent year-on-year. China’s exports to India stood at 515.6 billion yuan (about $75 billion), up 2.1 percent, and India’s exports to China totalled 123.9 billion yuan ($18 billion), down 0.2 percent year-on-year
HOW CHINA CAN HURT INDIA ECONOMICALLY
- So even if China stops trade with India, the Indian economy will just end up saving
- 56 billion U.S dollars
- However the problems can arrive if China stops export of API, manufacturing components or electronic hardware immediately
WHY CHINA FEELING JITTERY
- Trump has announced expansion of G-7 group where India will be a member
- UK has proposed a D-10 group to keep China out of 5G
U.S INDIA SECURITY
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