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Editorial:-Achilles’ heel of Chinese growth

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By Sumit Kumar
The veiled reference of Pakistani based terror groups in 9’th Brics declaration held at Xiamen represents the concern of all the countries over rising threat of extremism and terrorism in the region. This also contradicts the earlier position of China, which has repeatedly used it’s veto power to shield Jaish-E-Mohammad chief Masood Azhar from being listed under UN Sanctions Committee.
China and India has had historic hostility with each other. This hostility has exacerbated in the recent years because of different reasons. The China Pakistan Economic Corridor, issue of Dalai Lama, the use of veto power by China to restrict India’s entry into NSG, Chinese aggressive expansionist policies and the recent Dokalam standoff have been some of the factors that have worsened the relation between the two giant powers in South Asia.
China is expanding and trying to become the single centre in the South Asian Region around which entire region revolves. Apparently, it is trying to distort the equilibrium of a multi polar order in the region. Asia Infrastructure Investment Bank, Belt and Road Initiative and massive infrastructure debt to different countries in the region are the brics through which it is trying to inflate it’s status in the region.
Though China does enjoy an upper edge in the region because of it’s big economy and behemoth military prowess, there are reasons for why China remains cautious and the latest developments on Dokalam and Brics declaration reaffirms the same. Chinese economy is largely dependent on exports. It enjoys a massive trade surplus with countries like India and USA and earn a good amount of forex reserved which is in turn, used by it to finance infrastructure projects in different countries and to lend through multilateral institutions named New Development Bank and Asia Infrastructure Investment Bank.
Any full fledged war is not in the immediate interests of China. It itself suffers from serious internal challenges in Tibet, Hong-Kong and Xianjing. It has conflicts with countries like Japan, India, Taiwan, Veitnam. Terrorism is also slowly spreading it’s wings. Any escalation of extremism can hurt the prospects of trade and economic relation in the region. In the era of globalization and digitisation, where every state, region and country is interconnected in every possible manner, a tranquil and sober relation is in the interests of big countries like China and India since any disruption will severely hurt the economic development& social development of the countries. There is a need of pragmatism from China to ensure that, “differences don’t become dispute”.