DOCSLIB.ORG

Reviving Project Chindia : Can the Modi-Xi Duo

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Reviving Project Chindia : Can the Modi-Xi Duo EAGLEs Flash 08.08.2014 ECONOMIC ANALYSIS Reviving project ‘Chindia’: Can the Modi-Xi duo turn myth into reality? Sumedh Deorukhkar / Alicia García-Herrero The pledge to strengthen China-India ties is not a new phenomenon Nearly a decade ago, in late 2006, erstwhile leader of China, President Mr. Hu Jintao, and India, Prime Minister Dr Manmohan Singh, met in New Delhi with a promise to join forces through close economic collaboration and arrive at a mutually acceptable resolution to long standing geopolitical disputes. The two nations have had a hostile past, being involved in a 1962 border war, China's closeness with India's rival neighbor, Pakistan, and differences over Tibetan sovereignty. A first visit in over ten years by a Chinese head of state, the Hu-Singh meeting caught the world’s attention as it saw a formidable team in the making. Given the world’s top two fastest growing economies, a complimentary economic structure – China’s manufacturing prowess and India’s technology-based services economy – and together representing one third of the world’s population, the possibilities of cooperation were vast. So much so that ‘Chindia’ (splicing China and India) became a celebrated hyphenation that denoted a fast growing success story. Mr. Singh forecasted China-India bilateral trade to double by 2010 from USD 20 billion in 2006 while China proclaimed that China and India are sincere friends, partners for cooperation. Symbolic meetings have turned project ‘Chindia’ into a myth rather than reality Fast Forward to Circa 2014 and it seems that the Hu-Singh meeting was merely symbolic and ‘Chindia’ turned out to be a myth rather than reality. Although bilateral trade between the two countries has more than tripled since 2006 to USD 65.5 bn in 2013, it remains highly lopsided. India’s trade deficit with China has mounted to USD 31.4 bn last year (3.5% of India’s GDP), attributable in part to a widening productivity gap between the two economies but also to the fact that the two countries don’t have a single Free Trade Agreement (FTA) while barriers to trade and investment remain far too many. The bulk of India’s exports to China are raw materials, mainly iron ore, while China exports a wide range of sophisticated manufactured goods, mainly machinery and telecom equipment. Meanwhile, China’s territorial disputes continue to drag on as sporadic clashes over India’s northern border with China raise security concerns, in turn undermining bilateral trade and economic relations. Looking ahead, stakes are higher for India for a stronger India-China relationship Putting diplomacy on test, China’s relationship with its other neighbors, Vietnam and Japan, have soured off-late over claims in the South China Sea, in turn also leading to indirect confrontation with Japan’s ally, the United States. Given recent overtures by Japan to strengthen trade and investment relations with India, managing China-India ties would be a delicate balancing act for both nuclear powers. For China, talks of peaceful coexistence and an ‘all round strategic partnership’ with India seems more of an astute diplomatic move aimed at rebutting recent criticism from world leaders over China’s territorial ambitions while also stealing a march over the US, which seeks stronger ties with India as a hedge against China in Asia. For India, meanwhile, the stakes are much higher for a stronger, friendlier and balanced India-China relationship given the strong economic undertone although excessive engagement with China may risk jeopardizing India's trade relations with Japan, its longtime business partner. 1/3 www.bbvaresearch.com EAGLEs Flash 08.08.2014 The BRICS New Development Bank - a double edged sword for India? Against this backdrop, the onus of turning the ‘Chindia’ project into reality lies with India’s newly elected Prime Minister Narendra Modi and Chinese President Xi Jinping, who met earlier this month on the sidelines of the BRICS summit in Brazil. The group of five decided to provide an alternative source of financing for BRICS countries and other emerging economies by establishing a New Development Bank (NDB) and a multibillion dollar infrastructure investment fund. The NDB will begin with an initial capital of USD 50 bn, which would eventually grow to USD 100 bn, to be paid in equally by all five founding members. However, an equal weight in capital is a double edged sword, particularly for India, which is highly infrastructure-starved with an estimated need for long term project finance at about USD 1 trillion. Notwithstanding an equal say in the BRICS bank’s lending decisions, India may actually be obligated to finance other countries' infrastructures if the BRICS develops beyond its borders. The fact that the headquarters will be in Shanghai, albeit headed by an Indian CEO, adds to the difficulties of controlling the lending destination. Given India’s already high fiscal deficit (at 4.6% of GDP) and stretched domestic funding position, getting an approval from Indian lawmakers to release its share of funds to capitalize the NDB could take a long while – getting congressional approval in each member countries for capital contribution is a precondition for making the NDB operational. Chindia can be a reality if Modi-Xi duo conquers the legacy of distrust in China-India ties Raising hopes of a deeper engagement towards stronger India-China ties, Mr. Xi would be visiting India this September while Mr. Modi has been invited to attend the Asia Pacific Economic Cooperation (APEC) meeting in China this November, a first APEC attendance for India. Furthermore, Mr. Xi has asked India to deepen involvement in the Shanghai Cooperation Organization (SCO), whose members include China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. While China attempts to connect India to its eastern allies and in turn to score over the US and Japan, India’s approach to these meetings would be one of cautious optimism. For one, the legacy of distrust and suspicion between the two nations needs to be conquered in order to establish strong reciprocal partnerships. Furthermore, speaking the same geopolitical language is as critical as the need to pen a landmark free trade agreement, strike infrastructure investment deals, and allow greater market access. At a time when domestic reforms have been the centerpiece of policy formulation in both the nations - India working towards boosting investments while China attempting to encourage household consumption - a productive relationship between India and China based on sustainable framework would go a long way towards making ‘Chindia’ a force to reckon with. 2/3 www.bbvaresearch.com EAGLEs Flash 08.08.2014 This document and the information, opinions, estimates and recommendations expressed herein, have been prepared by Banco Bilbao Vizcaya Argentaria, S.A. (hereinafter called “BBVA”) to provide its customers with general information regarding the date of issue of the report and are subject to changes without prior notice. BBVA is not liable for giving notice of such changes or for updating the contents hereof. This document and its contents do not constitute an offer, invitation or solicitation to purchase or subscribe to any securities or other instruments, or to undertake or divest investments. Neither shall this document nor its contents form the basis of any contract, commitment or decision of any kind. Investors who have access to this document should be aware that the securities, instruments or investments to which it refers may not be appropriate for them due to their specific investment goals, financial positions or risk profiles, as these have not been taken into account to prepare this report. Therefore, investors should make their own investment decisions considering the said circumstances and obtaining such specialized advice as may be necessary. The contents of this document is based upon information available to the public that has been obtained from sources considered to be reliable. However, such information has not been independently verified by BBVA and therefore no warranty, either express or implicit, is given regarding its accuracy, integrity or correctness. BBVA accepts no liability of any type for any direct or indirect losses arising from the use of the document or its contents. Investors should note that the past performance of securities or instruments or the historical results of investments do not guarantee future performance. The market prices of securities or instruments or the results of investments could fluctuate against the interests of investors. Investors should be aware that they could even face a loss of their investment. Transactions in futures, options and securities or high-yield securities can involve high risks and are not appropriate for every investor. Indeed, in the case of some investments, the potential losses may exceed the amount of initial investment and, in such circumstances; investors may be required to pay more money to support those losses. Thus, before undertaking any transaction with these instruments, investors should be aware of their operation, as well as the rights, liabilities and risks implied by the same and the underlying stocks. Investors should also be aware that secondary markets for the said instruments may be limited or even not exist. BBVA or any of its affiliates, as well as their respective executives and employees, may have a position in any of the securities or instruments referred to, directly or indirectly, in this document, or in any other related thereto; they may trade for their own account or for third-party account in those securities, provide consulting or other services to the issuer of the aforementioned securities or instruments or to companies related thereto or to their shareholders, executives or employees, or may have interests or perform transactions in those securities or instruments or related investments before or after the publication of this report, to the extent permitted by the applicable law.
Load more

Recommended publications
  • China-India Relations Strategic Engagement and Challenges
    AAssiiee..VViissiioonnss 3344 ______________________________________________________________________ China-India Relations Strategic Engagement and Challenges ______________________________________________________________________ Zhang Li September 2010 . Center for Asian Studies The Institut français des relations internationals (Ifri) is a research center and a forum for debate on major international political and economic issues. Headed by Thierry de Montbrial since its founding in 1979, Ifri is a non- governmental and a non-profit organization. As an independent think tank, Ifri sets its own research agenda, publishing its findings regularly for a global audience. Using an interdisciplinary approach, Ifri brings together political and economic decision-makers, researchers and internationally renowned experts to animate its debate and research activities. With offices in Paris and Brussels, Ifri stands out as one of the rare French think tanks to have positioned itself at the very heart of European debate. The opinions expressed in this text are the responsibility of the author alone. ISBN: 978-2-86592-774-6 © All rights reserved, Ifri, 2010 IFRI IFRI-BRUXELLES 27, RUE DE LA PROCESSION RUE MARIE-THERESE, 21 75740 PARIS CEDEX 15 – FRANCE 1000 – BRUXELLES – BELGIQUE Tel: +33 (0)1 40 61 60 00 Tel: +32 (0)2 238 51 10 Fax: +33 (0)1 40 61 60 60 Fax: +32 (0)2 238 51 15 Email: [email protected] Email: [email protected] WEBSITE: Ifri.org China Program, Center for Asian Studies, IFRI The Ifri China Program‟s objectives are: . To organise regular exchanges with Chinese elites and enhance mutual trust through the organi- zation of 4 annual seminars in Paris or Brussels around Chinese participants.
    [Show full text]
  • The BRICS Model of South-South Cooperation
    August 2017 UJCI AFRICA-CHINA POLICY BRIEF 2 The BRICS Model of South-South Cooperation Swaran Singh UJCI Africa-China Policy Brief No 2 The BRICS Model of South-South Coperation Swaran Singh Professor in the School of International Studies of Jawaharlal Nehru University, New Delhi, India. Series Editor: Dr David Monyae Published in August 2017 by: The University of Johannesburg Confucius Institute 9 Molesey Avenue, Auckland Park Johannesburg, South Africa www.confucius-institute.joburg External language editor: Riaan de Villiers Designed and produced by Acumen Publishing Solutions For enquiries, contact: Hellen Adogo, Research Assistant, UJCI Tel +27 (01)11 559-7504 Email: [email protected] Disclaimer: The views expressed in this Policy Brief do not necessarily reflect those of the UJCI. All rights reserved. This publication may not be stored, copied or reproduced without the permission of the UJCI. Brief extracts may be quoted, provided the source is fully acknowledged. UJCI Africa-China Brief No 2 | August 2017 THE earliest imaginations of South-South cooperation (SSC) have been traced to the Afro-Asian anti-colonial struggles of the 1940s. This is when initial ideas about shared identity, building solidarity towards asserting sovereignty, and channeling simmering opposition to the imperial ‘North’ first germinated. The Asian Relations Conference held in New Delhi in 1947, followed by the Afro-Asian Conference at Bandung (Indonesia) in April 1955, marked the first watersheds in the evolution of SSC, supported by the ‘non-alignment’ and ‘Third World’ paradigms (Chen and Chen 2010: 108-109). In 1960, the SSC thesis was further developed by the dependency theories of neo-Marxist sociologists from South America, who underlined the subservient nature of trade relations between their region and North America (Copeland 2009:64).
    [Show full text]
  • The Rise of Chindia and Its Impact on World System
    The Rise of Chindia and Its Impact on World System By Zhao Gancheng1 International system is maintained with its balanced structure, which is based on power. The post cold war period has witnessed a unique power equation with the United States on the absolute top, leading to a new equilibrium, which is debated heatedly for its rational. By common sense, equilibrium is built upon the balance of power between dominant powers or blocs, as what it was during the cold war. But the absolute power of the United States in the international system seems to have created an unseen equilibrium, which may be able to maintain the stability of the system on the one hand, and which dose not allow any other potential powers to challenge the US dominance on the other. This is what the US global strategy is supposed to be about. Given this context, the rise of both China and India might present something unacceptable to the US dominance if the United States could not perceive it properly. Let’s look into this issue by developing the debate of the US dominated equilibrium. I First of all, systemic equilibrium enjoys moral superiority. Despite the fact that all nation-states in the international system try to maximize their interests, that could lead to conflicts, few theories would see conflicts as good things. Systemic equilibrium is supposed to reduce the possibility of conflicts among nations, and therefore, the debate is not on whether equilibrium should be sustained, but what kind of equilibrium? Different nations give different opinions due to their respective positions and interests, evidently seen during the cold war.
    [Show full text]
  • Redalyc.Internationalization and Firm Performance in Chindia Countries: A
    AD-minister ISSN: 1692-0279 [email protected] Universidad EAFIT Colombia SCHULZE, LINDA; DOUESNEL, AURÉLIEN; GRÉGOIRE, OLIVIA Internationalization and firm performance in Chindia countries: a meta-analytic review AD-minister, núm. 29, julio-diciembre, 2016, pp. 5-22 Universidad EAFIT Medellín, Colombia Available in: http://www.redalyc.org/articulo.oa?id=322348399001 How to cite Complete issue Scientific Information System More information about this article Network of Scientific Journals from Latin America, the Caribbean, Spain and Portugal Journal's homepage in redalyc.org Non-profit academic project, developed under the open access initiative 5 AD -MINISTER AD-minister Nº. 29 julio-diciembre 2016 pp. 5 - 22 · ISSN 1692-0279 · eISSN 2256-4322 Internationalization and firm performance in Chindia countries: a meta-analytic review Internacionalización y desempeño de las empresas en Chindia: un análisis meta-analítico ABSTRACT LINDA For more than four decades, researchers have examined theoretically and empirically the relationship between SCHULZE internationalization and firm performance. While existing studies have provided important contributions, the stream of research still lacks consistency due to ambiguous findings on the internationalization-firm AURÉLIEN performance relationship. Moreover, previous research has often been limited to developed countries. The DOUESNEL present study focuses on the emerging Chindia countries and determines the direction and the strength OLIVIA of the internationalization-firm performance relationship. Additionally, we have identified moderators of the GRÉGOIRE relationship. Drawing on 21 studies, based on 9026 firms, we utilize a meta-analytic review to assess our hypotheses. Our results show that there is a significant and positive internationalization-firm performance relationship in Chindia countries.
    [Show full text]
  • Kargil Past Perfect, Future Uncertain? Kargil Past Perfect, Future Uncertain?
    Vivek Chadha KARGIL Past Perfect, Future Uncertain? KARGIL Past Perfect, Future Uncertain? KARGIL Past Perfect, Future Uncertain? Vivek Chadha Institute for Defence Studies and Analyses New Delhi KNOWLEDGE WORLD KW Publishers Pvt Ltd New Delhi Copyright © 2019 Institute for Defence Studies and Analyses, New Delhi All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without first obtaining written permission of the copyright owner. Disclaimer: The views expressed in this book are those of the author(s) and do not necessarily reflect those of the Institute for Defence Studies and Analyses, or the Government of India. Institute for Defence Studies and Analyses No. 1, Development Enclave, Delhi Cantt. New Delhi-110010 Phone: +91-11-26717983 Website: www.idsa.in ISBN 978-93-89137-13-2 Hardback ISBN 978-93-89137-14-9 ebook Published in India by Kalpana Shukla KW Publishers Pvt Ltd 4676/21, First Floor, Ansari Road Daryaganj, New Delhi 110002 Phone: +91 11 23263498/43528107 Marketing: [email protected] Editorial: [email protected] Website: www.kwpub.com Printed and bound in India The content of this book is the sole expression and opinion of its author, and not of the publisher. The publisher in no manner is liable for any opinion or views expressed by the author. While best efforts have been made in preparing the book, the publisher makes no representations or warranties of any kind and assumes no liabilities of any kind with respect to the accuracy or completeness of the content and specifically disclaims any implied warranties of merchantability or fitness of use of a particular purpose.
    [Show full text]
  • Read a Panel I Paper by Vincent Wang
    38th Taiwan‐U.S. Conference on Contemporary China China Faces the Future July 14–15, 2009 Center for Northeast Asian Policy Studies, The Brookings Institution Institute of International Relations, National Chengchi University The Brookings Institution 1775 Massachusetts Avenue, NW Washington, DC Session I: China’s External Grand Strategy “Chindia” or Rivalry? China’s Rise and the Role of Sino-Indian Relations in China’s External Strategy Vincent Wei-cheng Wang Department of Political Science University of Richmond (Draft. Do not quote. Comments are welcome.) This paper contributes to the discussion on China’s external grand strategy by focusing on one component: Sino-Indian relations through the lens of Indian and Chinese elites’ perspectives on the other country’s rise. The paper is divided into five sections. Section one succinctly reviews China’s evolving external strategy since the end of the Cold War. Section two introduces Chinese discourse on “comprehensive national power” as a convenient way to frame the debates on China’s security assessment and external strategy. Section three is devoted to one aspect of China’s external strategy -- Indo-Chinese relations – by analyzing the most important elements comprising this complex relationship. This section focuses on Indian elites’ perspectives on the rise of China. Section four concisely summarizes Chinese security analysts’ perspectives on a rising India in light of the changing bilateral relations. Section five provides a conceptual framework for analyzing the future prospects of
    [Show full text]
  • "Chindia" and ASEAN
    Regional Governance Architecture FES Briefing Paper February 2006 Page 1 New Powers for Global Change? ”ChIndia” and ASEAN: About National Interests, Regional Legitimacy, and Global Challenges = e^kp=gK=dfbppj^kk= = = = “ChIndia” and ASEAN FES Briefing Paper 7 | May 2007 Page 2 1 Background∗ This is due to extremely high internal disparities in purchasing power growth. The bilateral rela- It has long been no secret that China and India, tionship between the two states is not un- as highly dynamic rising powers, are exerting strained, primarily due to long-pending territorial growing influence and shaping power in interna- conflicts. Yet each does not consider the other a tional relations. The size of their combined particular threat. populations, which make up just over one-third of the world population, together with their ro- India’s primary concern is directed at its north- bust economic achievements, have for a decade western neighbor, Pakistan, whereas China’s made these two states the gravitational center politico-security fears are aimed in an eastern di- of East- and South Asian economic relationships. rection. Moreover, while India has in recent This economic dynamic is both cause and conse- years increasingly emphasized a close relation- quence of political and social upheavals in the ship with the USA—thereby decreasing its tradi- two states. Societal change—and the economic tional cooperation with the former Soviet Union boom imbedded therein—led to increased na- and, respectively, Russia—China is attempting to tional self-confidence / self-awareness and the constrain the U.S.’s influence in Asia by cultivat- political will for a more active, representative ing alliances precisely with Russia and the re- participation in the international order.
    [Show full text]
  • Exploring the China-India Relationship Roundtable Report
    Exploring the China-India Relationship Roundtable Report Julia M. Rosenfield CNA CHINA STUDIES MISC D0023594.A1/Final September 2010 CNA is a non-profit research and analysis organization comprised of the Center for Naval Analyses (a federally funded research and development center) and the Institute for Public Research. The CNA China Studies division provides its sponsors, and the public, analyses of China’s emerging role in the international order, China’s impact in the Asia-Pacific region, important issues in US-China relations, and insights into critical developments within China itself. Whether focused on Chinese defense and security issues, Beijing’s foreign policies, bilateral relations, political developments, economic affairs, or social change, our analysts adhere to the same spirit of non-partisanship, objectivity, and empiricism that is the hallmark of CNA research. Our program is built upon a foundation of analytic products and hosted events. Our publications take many forms: research monographs, short papers, and briefings as well as edited book-length studies. Our events include major conferences, guest speakers, seminars, and workshops. All of our products and programs are aimed at providing the insights and context necessary for developing sound plans and policies and for making informed judgments about China. CNA China Studies enjoys relationships with a wide network of subject matter experts from universities, from government, and from the private sector both in the United States and overseas. We particularly value our extensive relationships with counterpart organizations throughout “Greater China”, other points across Asia, and beyond. Dr. Albert S. Willner, Director of the China Security Affairs Group, is available at (703) 824-2883 and on e-mail at [email protected].
    [Show full text]
  • Diplomacy Defence
    DEFENCE AN DEFENCE HappyIndependenceDay AND D DIPLOMACY DIPLOMACY IN PURSUIT OF NATIONAL SECURITY VOL. 7 NO. 4 ISSN 2347 - 3703 july-september 2018 special Issue: China • Is Xi jinping really as powerful as his Image suggests? Jayadeva Ranade • China’s new Diplomacy under Xi jinping Madhu Bhalla and Sanjeev Kumar Vol. 7 no. 4 • july-september 2018 4 • july-september 7 no. Vol. • Has the Chinese Assistance made pakistan secure? Shalini Chawla • CmC and propaganda under Xi jinping: Invoking military nationalism to Address the Crisis of morale Bhavna Singh • Is China’s Air Force really too tall for the Indian Air Force? Ravinder Singh Chhatwal • China’s ‘Grey Zone’ operations: How ‘maritime militia’ and ‘little blue men’ are Changing the maritime War landscape Pooja Bhatt • China’s nepal policy in the 21st Century: tibet, security, and Connectivity Rishi Gupta • China’s Interest in the Horn of Africa: Implications for India Sarvsureshth Dhammi • Doklam episode and Aftermath: India-China bilateral relations Raj Mongia • sri lanka-China relations in recent years: possible Implications Samatha Mallempati OVER 60 YEARS. 6 AIRCRAFT TYPES. 1 NATION www.rafale.co.in Book Review TOOFANI MYSTERE IV ALIZE JAGUAR MIRAGE 2000 RAFALE JOURNAL OF THE CENTRE FOR AIR POWER STUDIES DEFENCE AND DIPLOMACY IN PURSUIT OF NATIONAL SECURITY VOL. 7 NO. 4 l JULY-SEPTEMBER 2018 Special Issue: China CENTRE FOR AIR POWER STUDIES VISION To be an independent centre of excellence on national security contributing informed and considered research and analyses on relevant issues. MISSION To encourage independent and informed research and analyses on issues of relevance to national security and to create a pool of domain experts to provide considered inputs to decision-makers.
    [Show full text]
  • The Plea for Asia—Tan Yunshan, Pan-Asianism and Sino-Indian Relations
    The Plea for Asia 353 The Plea for Asia—Tan Yunshan, Pan-Asianism and Sino-Indian Relations Brian Tsui In 1927, the Buddhist scholar, Tan Yunshan, travelled to Santiniketan on the invitation of Rabindranath Tagore to teach Chinese at Visva Bharati University. Subsequent years would see him develop close ties with the Guomindang and Congress leaders, secure Chinese state funding for the fi rst sinological institute in India and mediate between the nationalist movements during the Second World War. That a relatively marginal academic, who participated in neither the May Fourth Movement nor any major political party, and who had little prior experience of India, could have played such an important role in twentieth century Sino-Indian relations raises questions over the conditions that made possible Tan’s illustrious career. This article argues that Tan’s success as an institution builder and diplomatic intermediary was attributable to his ideological affi nity with the increasing disillusionment with capitalist modernity in both China and India, the shifting dynamics of the Pan-Asianist movement and the conservative turn of China’s nationalist movement after its split with the communists in 1927. While Nationalist China and the Congress both tapped into the civilizational discourse that was supposed to bind the two societies together, the idealism Tan embodied was unable to withstand the confl ict of priorities between nation- states in the emerging Cold War order. The academic Tan Yunshan (1898–1983) played a pivotal role in Sino-Indian relations before the advent of the Indian nation-state. As an individual, Tan might have preferred that his efforts focused on promoting educational ties between the two countries.
    [Show full text]
  • Chindia' As a World Power
    Edith Cowan University Research Online ECU Publications Post 2013 1-1-2019 The prospect of 'Chindia' as a world power Jonathan D. James Edith Cowan University Follow this and additional works at: https://ro.ecu.edu.au/ecuworkspost2013 Part of the Business Commons James, J. D. (2019, December 6). The prospect of 'Chindia' as a world power. E-International Relations. https://www.e-ir.info/2019/12/06/the-prospect-of-chindia-as-a-world-power/ This Article is posted at Research Online. https://ro.ecu.edu.au/ecuworkspost2013/7603 The Prospect of ‘Chindia’ as a World Power Written by Jonathan D. James The Prospect of ‘Chindia’ as a World Power https://www.e-ir.info/2019/12/06/the-prospect-of-chindia-as-a-world-power/ JONATHAN D. JAMES, DEC 6 2019 A significant global development in the first decade of the 21st Century has been the rise of several nations hitherto not considered key players in the international scene. The following up and coming nations have recently been grouped respectively as BRIC and BASIC: Brazil, Russia, India, and China (BRIC); and Brazil, South Africa, India, and China (BASIC) (Wilson & Purushothaman, 2003). Noticeably, the two nations featured in both these groupings are China and India. China’s and India’s meteoric rise to the global arena, and the sheer magnitude of their populations, has led some scholars to assert that there is an ‘irresistible’ shift of global power toward Asia, dubbing this as the ‘Asian Century’ (Mahbubani, 2008, p. 43). And some scholars have gone so far as to coin the portmanteau ‘Chindia’ to signify the ascendency of these two Asian giants (Ramesh, 2005; Sheth, 2008).
    [Show full text]
  • Tan Chung Institute of Chinese Studies, India
    HIMALAYA CALLING The Origins of and U020hc_9781938134593_tp.indd 1 5/2/15 5:14 pm May 2, 2013 14:6 BC: 8831 - Probability and Statistical Theory PST˙ws This page intentionally left blank HIMALAYA CALLING The Origins of and Tan Chung Institute of Chinese Studies, India World Century U020hc_9781938134593_tp.indd 2 5/2/15 5:14 pm Published by World Century Publishing Corporation 27 Warren Street, Suite 401-402, Hackensack, NJ 07601 British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library. HIMALAYA CALLING The Origins of China and India Copyright © 2015 by World Century Publishing Corporation All rights reserved. This book, or parts thereof, may not be reproduced in any form or by any means, electronic or mechanical, including photocopying, recording or any information storage and retrieval system now known or to be invented, without written permission from the publisher. For photocopying of material in this volume, please pay a copying fee through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA. In this case permission to photocopy is not required from the publisher. ISBN 978-1-938134-59-3 In-house Editor: Sandhya Venkatesh Typeset by Stallion Press Email: [email protected] Printed in Singapore Sandhya - Himalaya Calling.indd 1 18/3/2015 4:57:45 PM 9”x 6” b1937 Himalaya Calling: The Origins of China and India Dedicated to Ji Xianlin ᆓ㗑᷇ (1911–2009) Eternal Camaraderie in Chindia b1937_FM.indd v 3/10/2015 1:42:21 PM May 2, 2013 14:6 BC: 8831 - Probability and Statistical Theory PST˙ws This page intentionally left blank 9”x 6” b1937 Himalaya Calling: The Origins of China and India FOREWORD It is the historian’s constant endeavour to prevent the present from colour- ing our view of the past, but not vice versa.
    [Show full text]