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India Must Open Up To Meet the Latest Challenge From China

机译:印度必须开放,以满足中国的最新挑战

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It's hard to find a China dove in Washington these days. In New Delhi, it's impossible. After a brutal skirmish in the Himalayan region of Ladakh last month left 20 Indian soldiers dead, anti-Chinese fury has surged on the subcontinent. There's talk of consumer boycotts and investment bans; the government appears to be slow-walking once-routine approvals for Chinese imports. Authorities even booted goofy-video platform TikTok off Indians' phones, along with 58 other Chinese apps. The anger is understandable. China enjoys a massive surplus in trade with India, has invested heavily in its more modern and capable military, and is steadily encroaching on its rival's sphere of influence in the Indian Ocean and along their disputed land border. It poses an unmistakable long-term challenge. But restricting trade, as Prime Minister Narendra Modi's government seemed inclined to do even before this latest clash, would be a hopelessly misguided response. A protectionist wave will hurt ordinary Indians when they can least afford it, raising prices for consumers in the middle of a pandemic, depriving companies of key inputs, and choking off much-needed investment. Given that India is only China's l6th-largest trading partner, moreover, such measures are unlikely to strike fear into Beijing.
机译:这几天很难在华盛顿找到一个中国鸽子。在新德里,这是不可能的。在上个月拉达克的喜马拉雅地区留下了野蛮的小冲突后,留下了20名印度士兵死亡,反中国愤怒已经在次大陆飙升。谈到消费者抵制和投资禁令;政府似乎是中国进口的缓慢行走次级常规批准。当局甚至启动了Goofy-video平台Tiktok Offinds的手机,以及其他58个其他中文应用程序。愤怒是可以理解的。中国在与印度贸易中享有大量盈余,在其更现代化和有力的军队中投入大量投资,并稳步侵犯其对印度洋的竞争对手的影响范围,沿着他们争议的土地边界。它带来了一个明确的长期挑战。但是限制贸易,作为纳伦德拉·莫迪的总理似乎甚至在这种最新冲突之前倾向于做,这将是一个绝望的误导响应。在最不起作用的时候,保护主义浪潮将伤害普通印第安人,在大流行中间筹集消费者的价格,剥夺了关键投入的公司,并窒息急需投资。鉴于印度只是中国第16大贸易伙伴,此外,这些措施不太可能袭击北京。

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    《Bloomberg business week》 |2020年第4664期|7-7|共1页
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