Jaishankar Labels china a 'Unique Problem,'

External Affairs minister S. jaishankar has described china as a "unique problem," emphasizing that the challenges it poses in both trade and security are significant and extend beyond India's borders.

At the ET World Leaders Forum, jaishankar stated, “China is a unique problem because it represents a distinct political and economic model. Understanding this uniqueness is crucial; otherwise, the resulting judgments and policy decisions can be flawed.” He highlighted concerns about global trade deficits with china, noting that decades of ignoring the complexities of Chinese production have created significant economic imbalances.

A Global Challenge

Jaishankar emphasized that the issue with china is not exclusive to India. “There is a general china problem affecting many countries. In Europe, major economic and national security debates revolve around China. The united states is also heavily focused on china, and rightly so in many respects,” he said. He pointed out that india faces a "special china problem" that is distinct but intertwined with the broader global issues concerning China.

Focus on Domestic Strength

Jaishankar stressed the need to enhance India’s domestic manufacturing capabilities to counterbalance China’s economic dominance. “China will not change its policies just because we complain. If we do not strengthen our own domestic capabilities, our foreign policy will be limited by our domestic situation,” he noted. His remarks come amid ongoing discussions about the growing trade relationship between india and china, despite existing border tensions. He attributed the rising trade volume to a historical neglect of India's manufacturing sector and emphasized the need for a balanced approach to foreign investments, particularly those from China. “I support investment and growth, but there must be a balance,” he added.
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Sudha Subbiah

31/08/2024 10:01 PM