We have a neighbour, China...
The juggernaut of China’s economic and political clout in the region should be too good for India, sarcastically speaking, but it didn’t quite work for the Tao kings with respect to a proposed ADB loan of $2.9 billion to India, which China vehemently objected to because the package included $60 million meant for watershed management in Arunachal Pradesh. China claims the state as their own territory and describes it as ‘disputed’. India finally won the loan that covers a period of 2009 to 2012. It is a diplomatic victory for India (after a 6 months’ haul). Sadly, that is where our weighty talk ends.
Far away in South Eastern Ladakh, China has objected to a road construction within India’s territory at Demchok, and this has gathered political clout. Apparently, the road was being built under the Centre’s National Rural Employment Guarantee Scheme, when one day, some Chinese soldiers crossing the border came and shouted at the workers to stop their work, bringing the entire project into a halt.
The juggernaut of China’s economic and political clout in the region should be too good for India, sarcastically speaking, but it didn’t quite work for the Tao kings with respect to a proposed ADB loan of $2.9 billion to India, which China vehemently objected to because the package included $60 million meant for watershed management in Arunachal Pradesh. China claims the state as their own territory and describes it as ‘disputed’. India finally won the loan that covers a period of 2009 to 2012. It is a diplomatic victory for India (after a 6 months’ haul). Sadly, that is where our weighty talk ends.
Far away in South Eastern Ladakh, China has objected to a road construction within India’s territory at Demchok, and this has gathered political clout. Apparently, the road was being built under the Centre’s National Rural Employment Guarantee Scheme, when one day, some Chinese soldiers crossing the border came and shouted at the workers to stop their work, bringing the entire project into a halt.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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