Arrogance towards India could be dangerous for China: Chinese daily

03/04/2017

BEIJING, Mar. 4: It would be dangerous for China if it adopted an arrogant attitude towards India and ignored its increasing competitiveness in the manufacturing sector, a Chinese daily said on Friday. 

An editorial in Global Times said India's growing might in its manufacturing sector means stiff competition and more pressure on China. 

It said that despite demonetisation slowing the Indian economy, the touted growth of 8.3 per cent in the manufacturing sector was quite an achievement. 


"There has been a lot of discussion about whether India's higher-than-expected economic growth of 7 per cent from October to December 2016 is authentic and reliable. Meanwhile, less attention is being paid to bright points in the country's economy. What cannot be overlooked is the increasing competitiveness of the manufacturing sector in India." 

"India's January exports to China soared 42 percent year-on-year was overlooked by most Chinese analysts, but it will be a very dangerous venture if China adopts an arrogant attitude toward India's increasing competitiveness." 

"Although (Prime Minister) Narendra Modi's demonetisation move put a dent in India's economic momentum, the country's manufacturing sector still grew 8.3 per cent in the third quarter of the country's fiscal year. This is a great achievement for India, even if the growth figure may be exaggerated as some analysts suggest." 

"Manufacturing development in a large country like India means more pressure on China. The increasing competitiveness from India's manufacturing sector is a issue of strategic importance and deserves more attention." 
The daily said it would be premature to say if India could replace China as a manufacturing giant. 

"It is not easy to form a complete industry chain from screw to commercial airliner in a short time, increased competitiveness from Indian-made products should be closely watched." (ET) 

 

Related News

India, France ink €7.87 billion agreement for 36 Rafales

NEW DELHI, 23 Sept : India and France on Friday concluded an Inter-Governmental Agreement for the purchase of 36 Rafale fighter jets at a cost of €7.87 billion, the first fighter aircraft deal since the purchase of Sukhois from Russia in the late 90’s. The deal was signed by Defence…

Let's fight battle to build a better nation and see who wins: PM Modi to Pakistan

Mohua Chatterjee| TNN | Updated: Sep 24 : KOZHIKODE: Prime Minister Narendra Modi on Saturday broke his silence on the Uri terror attack and tore into Pakistan for its role in supporting terror in the region. At his first public rally since the Uri incident, PM Modi challenged Pakistan - not at conventional war - but in…

Terror as state policy is war crime, Shah tells Pakistan

KOZHIKODE,September 25 : The BJP on Sunday reinforced Prime Minister Narendra Modi’s message to Pakistan, with party president tabling a statement on the terrorist attack on Uri, positing it as one in a decade-and-a-half of terror strikes against India by Pakistan. BJP president Amit Shah described Pakistan as a country…

Pakistan not getting support in UN on surgical strikes issue: Akbaruddin

UNITED NATIONS, Oct. 1 : India has said that Pakistan approaching the United Nations on the issue of surgical strikes by the Indian Army across the LoC has not found any resonance in the world body and rejected claims that the UN mission monitoring ceasefire “has not directly observed” any firing…

Pakistan still in anaesthesia after surgery, says Parrikar

DEHRADUN/NEW DELHI, Oct, 2 : Pakistan is like a patient who has been given anaesthesia and doesn’t know that surgery has already been done on him, Defence Minister Manohar Parrikar said on Saturday. The Minister’s remarks are first comments from a member of the Cabinet Committee on Security (CCS) following the…

Baramulla: It was a terror attack, not a case of friendly fire, says Indian BSF

NEW DELHI, Oct. 4 : The Indian BSF denied reports of "friendly fire" resulting in casualties during the terror attack on the Baramulla camp even as speculation swirled about tense nerves leading to firing late on Sunday night. The border force said terrorists struck at a joint Army-BSF camp and this claimed the life of one…

Video

Find Us on Facebook

From Social

Tokyo (Japan), Sept. 13: A new leadership assumed responsibilities at the Non Resident Nepalese Association (NRNA), Japan on Sunday. The new office bearers took oath of office and secrecy after a long fought battle resulting from dissatisfaction from those who…

Lama led officials assume responsibility in NRNA Japan