China and India Aren't Afraid to Use Money as a Weapon ( Source- The National Interest / Author- Rishika Chauhan)

Chinese Yaun ( Image credits- Wikimedia Commons)

Author- Rishika Chauhan

“Major powers have to work with each other even if their interests diverge on some issues,” India’s Foreign Secretary S. Jaishankar stressed at the recently concluded India China Think-Tanks Forum in New Delhi. However, within the next few days, two articles in significant Indian and Chinese dailies seemed to have dampened the spirit of cooperation. Talking about a Chinese consignment worth $2.8 million dispatched to Nepal, a widely circulated Indian newspaper said that the shipment “will severely hit Indian businesses.” A reporter at the Chinese state-run Global Times was quick to respond, insisting the move did not mean that “Chinese goods will push Indian products out of the country.” Impassioned media debates ensued.

While reports of competition between the two rising states is common, such discussions have been frequent since September of last year. Accusing India of imposing an unofficial economic blockade shortly after the promulgation of the Nepali constitution, then prime minister of Nepal K. P. Sharma Oli stepped up his country’s engagement with China. While India denied its involvement, its support of the Madhesis—the minority group protesting against the constitution and leading an economic blockade—was widely acknowledged.

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