Now Chinese Media warns Chinese Investors, Indian Economy is much better than you think!

Last 15 days have been a roller-coaster ride for India-China relations. The Doklam Standoff was one of the biggest such issue in last couple of decades where Forces and Government were so much engaged with daily rhetoric and sermons.

If we are talking about China, then they are very aggressive right from the day-1, there foreign ministry and Media groups have been releasing threatening statements on daily basis to mount pressure on their Indian counterpart.

However in last couple of days it seems the Chinese media is tamping down its recent war-mongering against India. In a recent article published in Chinese Media, many Security experts warned Chinese Government to not to take stern measures against India, as this will only increase the hostilities between the two neighbors, which may be very counterproductive for China’s global growth plan.

On the same line today an article published in state-owned Global Times, which is an unofficial mouthpiece of Chinese Government. It not only praises Indian economic and business conditions but also warns Chinese companies against stereotyping India as a backward country.

The article claimed that Chinese learn about India’s economic development only via media reports which rarely offer an adequate understanding of the India.

The article says that “Many Chinese people think that India is a highly populated poor country characterized by diverse cultures, with frequent power cuts and a weak industrial base that is far inferior to China’s. That picture is true, to some extent, but it’s only a partial picture.

Article speaks about the growing number of Billionaires in India, the number of rich people in India is much bigger than many Chinese imagine. Citing the 2017 ranking of the world’s richest people by the Hurun Report, it says India has 100 billionaires, the fourth-highest number of super rich in the world.

It says India’s development model encourages enterprise and innovation which can ultimately impact governance too.

It also describes that India’s federal government is slow to reach decisions. Yet, India’s development model allows innovative entrepreneurs to change the market from the bottom up. Companies that grow big in the domestic market can go out to compete in the world and become driving forces for the country’s economic growth. As the market can offset flaws in governance, India’s entrepreneurship can compensate for its political deficiencies.”

It also warns Chinese companies that have plan to invest in India—to know India better. “In addition to learning from the media, Chinese companies with plans to invest in India need to have a better understanding of the country from more sources, which may provide more data points for their investment decisions.”

Manish Sharma