10 months ago

China Urges India to See Manufacturing Synergy, Not Rivalry

China Urges India to See Manufacturing Synergy, Not Rivalry
Elephant Dragon tango: Beijing urges India to see synergy, not rivalry, in manufacturing ambitions · businesstoday.in

Imagine two big companies that make toys.

One company is really good at making all the little parts for toys, and the other company is great at putting the toys together and selling them to lots of people.

China, which is good at making parts, is telling India, which wants to build more toys, 'Hey, let's work together!'

China says that instead of being scared of each other, they can help each other grow.

India is trying to make more of its own toy parts and toys, which some other countries see as competition.

But China thinks it's a chance for them to share their skills and parts to help India build its toy factory even faster.

They believe working together will make both of them stronger and help India become more self-sufficient, not less.

Key facts

Publication
Global Times (China)
Article Topic
China-India Economic Cooperation
India's Initiative
Make in India
Electronic Component Program Value
$2.7 billion
India's PCB Demand Target
20%
India's Camera Module Target
15%

Quotes

Global Times

A Chinese state-affiliated newspaper

“India’s efforts to promote manufacturing localisation are an opportunity not only for its own industrial upgrade but also for new possibilities in China-India economic cooperation.”
businesstoday.in
“The core of self-reliance is to enhance industrial competitiveness, and global cooperation is an effective way to achieve this.”
businesstoday.in

Xu Feihong

Chinese Ambassador to India

“biggest common denominator — development.”
businesstoday.in

Sources

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