Before Xi's likely India visit, Chinese money pours in
As National Security Adviser Ajit Doval prepares to meet Chinese Foreign Minister Wang Yi in Beijing, the backdrop of China's increasing investment in India is becoming more apparent. Following the easing of investment regulations just three months ago, over $500 million of foreign investment linked to the new rules has already entered the country.
This renewed economic activity comes alongside a cautious reopening of channels that were largely frozen after the 2020 border clash between the two nations. The diplomatic thaw between Asia's two largest economies is being accompanied by a measured framework that allows selected investment and industrial cooperation while keeping an eye on strategic sectors and sensitive ownership structures.
Doval's visit to Beijing is timely, as it precedes President Xi Jinping's expected visit to India in September for the BRICS summit.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
