A must for SSB Candidates. The Dragons Adventure is it a reality or a myth ?
A major number of steps have been taken by the Chinese Counterparts to curb Indias Sphere of Influence and to make sure Asia remains Unipolar with power in the Hands of China, and there should no other major player in the asian world to counter China . In favour of this China has passed a large number of reforms which we will be talking in this topic
1st. China-Pakistan Economic Corridor — but many are also highlighting the ambiguity about some links in the project
Is China about to transform Pakistan? The unanimous consensus in Pakistan is that it is, and quite comprehensively too. Since April 2015, the term which has probably received far greater traction in the print and electronic media, more than any other, is “game changer”.
This term does not refer to the change in policy and tactics of the Pakistan military, which initiated armed action against different categories of militants and Islamist radicals, first in the Pakistani region, the Federally Administered Tribal Areas (FATA), and now more comprehensively in the rest of Pakistan under its “Zarb-e-Azb” campaign, and has by most accounts changed the game regarding support for Pakistan’s Islamist radicals, and as a result, allowed the military to re-emerge as Pakistan’s dominant institution. The “game changer”, which government officials, military generals, diplomats, journalists and a host of other observers refer to, is the $46 billion >China-Pakistan Economic Corridor (CPEC) project, a highway which is to run from Kashgar in China to Gwadar in Balochistan, on the edge of the Persian Gulf, in Pakistan .
This Economic Corridor has been called a “game changer” and even a “fate changer” by an overly enthusiastic Pakistani press and government, with some analysts even saying that this $46 billion “unprecedented” Chinese investment over the next decade-and-a-half will make Pakistan the next Asian Tiger. There has been an effusive “thank you” by government officials and by analysts and journalists made to China for agreeing to build the Corridor, with important Pakistani commentators going so far as saying that this measure “speaks volumes about the commitment of the Chinese leadership towards Pakistan and its 180 million people”, especially when contrasted to the (only) $5 billion investment made by the U.S. in the period 2009-15.
The Nawaz Sharif government too can gain much with economic development linked to the corridor taking off, offering far greater prospects for re-election in 2018 when some projects come on stream. The Pakistani military is an obvious beneficiary with its role in security and with its fingers in numerous infrastructure and economic projects around the corridor. Perhaps some underdeveloped regions in Balochistan and Khyber Pakhtunkhwa will also benefit. The Chinese are too savvy to invest in such a project without counting the numerous economic, geopolitical and geostrategic returns to their investment and agenda of regional economic connectivity through their One Belt One Road initiative.
Why is CPEC an irritant in the eyes of India ?
The Belt and Road Initiative (BRI) is China’s ambitious project for increasing connectivity and economic cooperation within Eurasia. Since its announcement in 2013, the BRI has been positively received by many countries covered within its ambit. However, notwithstanding the recent meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping in Wuhan, China, one issue associated with the BRI will likely be considered an irritant for China: India’s position on the China-Pakistan Economic Corridor (CPEC).
Last May, New Delhi sent a clear message to Beijing that it doesn’t support CPEC. India registered its protest by boycotting the high-profile Belt and Road Forum organised by China. Its principal objection was that CPEC passed through Pakistan-occupied Kashmir (PoK). Earlier this month, the Ministry of External Affairs made its position clear on this issue when asked about a possibility of cooperation between India and China on the BRI. The Ministry’s statement read: “Our position on OBOR/BRI is clear and there is no change. The so-called ‘China-Pakistan Economic Corridor’ violates India’s sovereignty and territorial integrity. No country can accept a project that ignores its core
2 Major irritant comes in the Shape of One Belt One Road Initiative
India’s main objection is on the principle that the B&RI includes projects in the China-Pakistan Economic Corridor (CPEC) that are located in the Pakistan-occupied Kashmir’s Gilgit Baltistan, including the Diamer Bhasha Dam, 180-MW hydel power projects, and more expressways and economic zones along the Karakoram Highway built in the 1970s. Ever since the announcement of the CPEC in April 2015, India has made those concerns felt, beginning with Prime Minister Narendra Modi’s visit to China just weeks after and External Affairs Minister Sushma Swaraj raising the issue at the UN General Assembly that year. However, India didn’t explicitly say it would not join the B&RI, leaving room for speculation that there was place for talks on the issue, if the Chinese were willing to discuss alternate routing. If not, India made it clear during talks in February 2017 that it couldn’t either join the project or even attend the forum with the B&RI map showing Gilgit Baltistan in Pakistan as part of a ‘China-Pakistan Economic Corridor.’
One Belt One Road Initiative and its root
3rd. String of Pearls
It has been major policy of china to counter Indian Maritime Interest with the String of Pearls. String of Pearls’ refers to a geopolitical theory to the network of Chinese intentions in India Ocean Region (IOR). Precisely, it refers to the network of Chinese military and commercial facilities developed by China in countries falling on the Indian Ocean between the Chinese mainland and Port Sudan.
The doctrine has been discussed and debated for years and India’s ‘Look East Policy’ was always seen as an answer to Chinese ‘String of Pearls’.
4. Dumping of goods by China in India
China is also affecting the Indian economy by Dumping good in India. Lets try Understanding what does dumping of goods means in this context, dumping means flooding the nations economy with cheaper price good so that it hurts the local manufacturer who can compete with the cheap goods coming from outside thereby ultimately leading to closure.
According to a report in april 9, 2017
The government today said anti-dumping duty is in force on 93 products including chemicals and machinery items imported from China. The other Chinese products on which India has imposed this duty include steel and other metals, fibres and yarn, rubber or plastic, electric and electronics and consumer goods.
“Anti-dumping duty is in force on 93 products concerning imports from China,” Nirmala Sitharaman, Minister of State for Commerce and Industry, said in a written reply to Rajya Sabha.
In addition, 40 cases concerning imports from China have been initiated by the Directorate General of Anti-Dumping & Allied Duties, she said.
Countries impose anti-dumping duties to guard domestic industry from surge in below-cost imports. These steps are taken to ensure fair trade and provide a level-playing field to the domestic industry. They are not a measure to restrict import or cause an unjustified increase in cost of products.
In a separate reply, she said India’s imports from China in 2016–17 have marginally dipped to USD 61.28 billion as compared to USD 61.7 billion in 2015–16.
India’s exports to China include iron ore, cotton yarn, petroleum products, copper and chemicals, while imports include telecom instruments, electronic components, computer hardware, industrial machinery and chemicals.