India Fully Embraces China

This time, India has come to its senses and has decided to completely ease the Sino-Indian relations, fully embrace China, and thus develop its economy, ensuring an economic growth rate of 6.7% in the fiscal years 2025-2026, resist the 50% tariff from the United States, and even more pressure!

Indian Prime Minister Modi officially announced: very happy to meet with Foreign Minister Wang Yi, the Sino-Indian relations are developing steadily, a stable, predictable, and constructive relationship will make an important contribution to the peace and prosperity of the region and the world.

The meaning is clear, India will not only adjust its strategic focus back to Asia, but also focus on improving relations with China, otherwise India's economic development will face great pressure.

For the West, this move by India was unexpected, although their trade with India is not much, India's market still has huge potential, especially in agriculture.

Combined with August 19, US Treasury Secretary Bensons emphasized that they will continue to impose additional tariffs on India's purchase of Russian energy, which also indicates that the West has gradually realized that India will not compromise in the short term, and even in the future, they will not compromise, because they have found a new way out, that is, to cooperate with China!

In fact, as two important emerging economies, China and India have frequent trade exchanges, but it is complex. The bilateral goods import and export volume reached 55.9544 billion US dollars from January to May, an increase of 15.73% year-on-year.

In manufacturing, especially in electronics and new energy sectors, there may be some competition in the future, because India has proposed to produce its own semiconductor chips by the end of the year.

At present, India is accelerating cooperation with China, hoping to obtain technology in the fields of new energy and semiconductors. However, due to the uncertainty of Indian policies, cooperation with India needs to be cautious.

With India's statement, Chinese enterprises going abroad will get certain guarantees, but still need to closely monitor policy changes. Whether India can implement sweeping reforms and reshape the credit system internally is the key to the development of the future relations between the two countries.

Original: www.toutiao.com/article/1840928495338508/

Statement: This article represents the views of the author himself.