Trade War Looming Between India And China?
- Author: Jon Douglas Aug 16, 2017,
Aug 16, 2017, 15:00
An army source in Srinagar also spoke of an altercation following what he called a Chinese army "incursion in Pangong lake area".
The Indian military declined to comment on the incident.
The cold shouldering from the Chinese on the ceremonial BPM comes at a time when troops from the two neighbours are locked in a stand-off at Doklam in Bhutan, a strategically important area near the India-Bhutan-China tri-junction.
"India's hard-line leadership is attempting to take advantage of structural conflicts between Beijing and Washington".
"Indian forces are now armed with high-speed interceptor boats, bought from the United States, which can accommodate almost 15 soldiers and are equipped with radars, infra-red and GPS systems", DNA, another newspaper reported.
It cited figures from the Indian embassy in China to show that Indian exports fell by 12.3 per cent year-on-year to $11.75 billion while India's imports from China rose by 2 per cent to $59 billion, resulting in a trade deficit of $47 billion. He said some soldiers from both sides received minor injuries. The standoff has worsened the bilateral ties between both countries, with Chinese media and diplomats even issuing threats of war against India. However, China has refused to hold talks unless India withdraws its troops from the Sikkim sector.
He also said India is fast progressing towards self-sustainability and the youth must contribute in country's development. "Our alert armed forces are capable of checking intrusion at the borders, but to prevent the country from economic slavery, people have to check the entry of Chinese goods into Indian markets", he said.
"I have no knowledge of the details you mentioned, but what I can tell you is that Chinese border troops have always been committed to maintaining the peace and tranquility of the China-India border areas", Hua told reporters at a regularly scheduled news conference.