Why Are China Scared Of India's Growth?
Though India lags far behind China in several fields, the communist country is getting wary of India's gains in foreign direct investment (FDI), technology and manufacturing. India's closer military ties with the U.S. is another major concern of China. China has realised that India holds great potential and if it is able to tap it effectively, India could emerge as a major threat to China. Below are a few reasons why China is scared of India: Foreign direct investment On Monday, President Xi Jinping vowed to open up China like never before. China faces dwindling foreign exchange reserves when India is agressively pushing itself as a destination for foreign investment. Premier Li Keqiang has annnounced that foreign firms would be treated the same as domestic firms when it comes to licences applications, standard setting, government procurement and would enjoy same preferential policies under Made in China 2025 initiative. China is scared it might lose FDI race to India. In 2015...