India-China Ties Developing Smoothly Despite Frictions: Chinese Media

By siliconindia | Wednesday, 17 August 2016, 11:44 Hrs

"In 2014, China promised to invest $20 billion in India over the next five years. How is this project going? No official figures have been revealed, and no information over major programs in this regard has been heard either over the past two years," it said.

Meanwhile, there is also no real progress on the Beijing-raised Bangladesh-China-India-Myanmar Economic Corridor, which is a vital part of the 21st Century Maritime Silk Road.

Numerous reasons can be listed, including political changes and social turmoil in Myanmar, it said.

"More significantly, New Delhi has kept a negative attitude toward the initiative. It does not mean that India is not welcoming China's investment. Yet, given the nation's strategic interests, it does not fully trust China because part of the project goes through sensitive regions in India. China will hence listen to New Delhi's concerns and keep promoting the plan," it said.

"That said, taking a solid step forward over bilateral joint works that can bring mutual benefit is a crucial part of discussions not only during Wang's meetings in India, but also in the future," it said.

"We should not focus on the obstacles, but attach more importance to collaboration with mutual benefits. Due to some long-standing problems, such as territorial disputes, it might be hard for China and India to become true friends, but turning into enemies will not serve anyone's interests," it said.

As the two largest emerging powers in Asia, if China and India can enhance their friendly ties, and have more cooperation on international issues such as carbon emission reduction, reforming the World Bank and the International Monetary Fund, the two countries can share more mutual profits, it said.

Source: PTI