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  1. Chinese media tells investors: Update your knowledge about India, it is much better than you think

Chinese media tells investors: Update your knowledge about India, it is much better than you think

An article in China's state-sponsored Global Times has urged Chinese companies to update their knowledge about India before making investment decision.

By: | New Delhi | Updated: August 4, 2017 8:36 AM
chinese media, chinese investors, china on india, indian economy, chinese investors in india, china india, sikkim standoff India is much better than what is imagined in China, says Chinese media. (Source: IE)

An article in China’s state-sponsored Global Times has urged Chinese companies to update their knowledge about India before making investment decision. The article says that the popular image of India, the investors gather from media reports, doesn’t tell everything about the country. In fact, India’s condition is much better than what is often reported. While noting that number of rich people in India is “much bigger” than what many imagine, it said, “Many Chinese people think that India is a highly populated poor country characterized by diverse cultures, with frequent power cuts and a weak industrial base that is far inferior to China’s. That picture is true, to some extent, but it’s only a partial picture.”

“According to the 2017 ranking of the world’s richest people by the Hurun Report, India has 100 billionaires, the fourth-highest number of super rich in the world,” it added.

Compared to China’s government-led market development model, it said, “India’s federal government is slow to reach decisions. Yet, India’s development model allows innovative entrepreneurs to change the market from the bottom up.”

“Companies that grow big in the domestic market can go out to compete in the world and become driving forces for the country’s economic growth. As the market can offset flaws in governance, India’s entrepreneurship can compensate for its political deficiencies,” the article argued while advising Chinese companies to learn about India not just from media reports. “In addition to learning from the media, Chinese companies with plans to invest in India need to have a better understanding of the country from more sources, which may provide more data points for their investment decisions.”

The article published on Wednesday also said that India-China cooperation is being hampered by “misconception.”

“There is also a growing interest in India among Chinese companies, but many remain hesitant about investing in India due to concerns over its reform program and potential political risk,” it said. Further, the Global Times article noted, “The prevailing view in international academic circles is that India will likely replace China as the new “world’s factory,” which will be beneficial for China, India and even the world as a whole.”

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  1. Joy Michael
    Aug 4, 2017 at 2:41 pm
    Bloody holes! u r daily barking !!!! barking dogs seldom bite.I challenge fire a bullet we shall the dirty out of you.Our soldiers are waiting come on take this challenge s yellow ies we r gonna destroy whole of your companies within minutes. you and the world too is ing you bloody beggars hankering for others soup and bread.
    Reply
    1. Joy Michael
      Aug 4, 2017 at 2:39 pm
      Bloody holes! u r daily barking !!!! barking dogs seldom bite.I challenge fire a bullet we shall the dirty out of you.Our soldiers are waiting come on take this challenge s yellow ies we r gonna destroy whole of your squadrons /companies within minutes. you and the world too is ing you bloody beggars hankering for others soup and bread.
      Reply
      1. Nanda Kumar
        Aug 4, 2017 at 9:50 am
        But chinese commnists junda still want to have hold on government and nurture its expansionist policy giving least regard to international laws and convnetions ,,,, Finally chinese growth is in a situation where there is 0 human rights and 0 democracy ,,, Indian growht is in the relam of high dose of democracy , judicial activism, corruption and human right clamour .... definitely Indians really deserve a pat as they achieve economic growth in these contexts which one can define as highly contributory to economic growth
        Reply
        1. S
          Sandra Kalniete
          Aug 4, 2017 at 1:39 am
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          1. Yuval Goyal
            Aug 3, 2017 at 11:01 pm
            Well it's not the problem of China but the picture Created just because of the previous govt and political unstability which led to demotivate businesses to invest but now since 2014 modi took over the charge inflation decreases more than the expectations and bring people in confidence take an example of Nifty which has surpassed worlds biggest markets so its about leader and vision. MODI HAS a clear vision a day will come when America needs visa for India
            Reply
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