As the Chinese initiative is primarily for Beijing to exert its influence over the region, investors are not seeing much possibility of financial returns.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
Narendra Modi is the real asset as a prime Minister. India as a Nation excelled a lot under his leadership. He is an honest man and a patriot . All the projects launched by him are running smoothly. From Sabarmati river in Gujarat front to Bogibeel bridge in Assam via Varanasi we can experience rapid development from 2014 to 2019 . From Chenani Nasri Tunnel in Jammu and Kashmir to Sagarmala in South India via Solar plant in Karnataka everything is Modi magic . Don’t think elect him again.
The difference that I see between China and other nations is that most capitalist economies drive money making by gambling/trading without producing corresponding goods and services. I consider the gambling/trading in stock/commodity/currency market as the key reason for economic failures and uncertanities. China on the other hand does not encourage gambling/trading on such things and focus on producing goods and services. Obviously, the exchange rate advantage is always there compared to Western countries. The world will move towards a single global currency when people realize the advantage/disadvantage of multiple currencies and exchange rates.
While the article is generally correct, the tone and tenor are slightly misplaced. The world did not take a considered decision that China’s economic reforms will lead to political reforms and freedom. Like all such decisions, it was motivated by greed and self-interest. It is another matter that the Communist Party proved smarter.
The Chinese have justified the bet the world took on their eventual success. The rest of the world, led by the United States, needs to start a new dialogue with the dragon, pointing out the areas where the Chinese need to pay their fair share, starting with greater access to their market, respect for the rules of the road, a less threatening posture in their neighbourhood. That said, no power on the planet can impede the continuing rise of China, of its economy becoming al out as advanced and innovative as America’s. Neither the trade war, nor the larger enterprise of containing China, is good for the world. The global economy needs the powerful engine China’s economy has become to stay airborne. Internal political developments are something the Chinese people have to resolve with their government.
Narendra Modi is the real asset as a prime Minister. India as a Nation excelled a lot under his leadership. He is an honest man and a patriot . All the projects launched by him are running smoothly. From Sabarmati river in Gujarat front to Bogibeel bridge in Assam via Varanasi we can experience rapid development from 2014 to 2019 . From Chenani Nasri Tunnel in Jammu and Kashmir to Sagarmala in South India via Solar plant in Karnataka everything is Modi magic . Don’t think elect him again.
The difference that I see between China and other nations is that most capitalist economies drive money making by gambling/trading without producing corresponding goods and services. I consider the gambling/trading in stock/commodity/currency market as the key reason for economic failures and uncertanities. China on the other hand does not encourage gambling/trading on such things and focus on producing goods and services. Obviously, the exchange rate advantage is always there compared to Western countries. The world will move towards a single global currency when people realize the advantage/disadvantage of multiple currencies and exchange rates.
While the article is generally correct, the tone and tenor are slightly misplaced. The world did not take a considered decision that China’s economic reforms will lead to political reforms and freedom. Like all such decisions, it was motivated by greed and self-interest. It is another matter that the Communist Party proved smarter.
Wouldn’t a little humility from the Trump administration be wonderful for the world as well …
The Chinese have justified the bet the world took on their eventual success. The rest of the world, led by the United States, needs to start a new dialogue with the dragon, pointing out the areas where the Chinese need to pay their fair share, starting with greater access to their market, respect for the rules of the road, a less threatening posture in their neighbourhood. That said, no power on the planet can impede the continuing rise of China, of its economy becoming al out as advanced and innovative as America’s. Neither the trade war, nor the larger enterprise of containing China, is good for the world. The global economy needs the powerful engine China’s economy has become to stay airborne. Internal political developments are something the Chinese people have to resolve with their government.