Can China Be Hurt By Tightening Bidding Regulation For Border Countries?

by Rahul Gautam Jul 24, 2020 • 06:34 PM Views 755


The central government has made such a significant change in the General Financial Rules 2017 which prohibits bidding in government purchases for countries that share borders with India. However, stats show that China still invests much less in India than other countries, and even today, Chinese businessmen prefer countries like Hong Kong and Singapore to invest money. The US Bureau of Economic Analysis report says that China invested only $3.8 billion in India in 2018, while in the same year the US invested $46 billion in India