India suspends three China business deals as border tensions rise

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Authorities in India are hitting pause on more than $600 million in deals with Chinese companies in the wake of a deadly border clash with China

Officials in the western Indian state of Maharashtra said Monday that they were reviewing agreements with three Chinese companies as they seek clarity from the Indian government on how — or whether — to proceed.

Twenty Indian troops died in the border skirmish last week, sending China and India into a tense diplomatic and military standoff. The economic stakes are high. India imports more goods from China than any other country. And India and China have enabled each other's rise as technology powerhouses. Chinese tech giants have invested billions of dollars into India's biggest startups, while its smartphone makers dominate the market there.

The other deals involve Chinese industrial manufacturer Hengli Engineering and Beijing-based automaker Foton Motor, which already has a joint venture with Indian electric bus company PMI. Tensions continue to run high a week after the violent exchange. There has been a change in the Indian Army's mindset after the fatal border clashes, according to an Indian Armed Forces source. Indian troops on the border have now been instructed to meet any aggression and transgression with equal force, the source told CNN.

 

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Don’t trust china.

I hope other countries will follow This is to break China's Totalitarianism

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