BEIJING IS JITTERY AS RCEP MEMBERS ARE HAVING SECOND THOUGHTS
Subrata Majumder
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2020-09-07 11:03
Global Times – the Chinese official English daily – was irked by the narrowing down of trade deficit with India. Opposing it a trend setter, it was emphatic that the trend was unsustainable. It exemplified that the the bounce back of declining trade deficit in July 2020 was a case in point. It increased by US $ 3.34 billion. This manifested India’s dependence on China was irreversible, it argued. The Chinese media threatened India’s challenge for decoupling from China and warned for opening a Pandora box. It accused India for triggering economic tension by blocking Chinese Apps, denying Chinese FDI approval through automatic route , imposed stricter regulations for Government procurement, restricted import of colour TV and so on.