China Hints at Economic Costs After India Deploys Tanks, Troops to Border
22:01 21.07.2016(updated 03:21 22.07.2016)
After India mobilized tanks to the Chinese border, Beijing has warned that the move could threaten potential investment opportunities.
On Wednesday, reports surfaced that New Delhi deployed nearly 100 Russian-made T-72 tanks to the Chinese border, in the northern region of Ladakh. Indian military officials cite a Chinese buildup on its side of the border as necessitating the move.
On Thursday, China’s Ministry of Commerce warned against the provocation, arguing that Beijing may rethink its Indian investment strategy.
According to Global Times, China’s outbound investments have increased dramatically in the first half of this year, up approximately 59%.
“In this regard, a great number of Chinese firms, including smartphone manufacturer Xiaomi and PC computer maker Lenovo, have turned their eyes toward India,” Global Times reports.
Beijing’s increased exports coincide with New Delhi’s need…
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