Xi's India visit to help diplomatic thaw, but business ties bound by suspicion | Analysis
Chinese President Xi Jinping's potential visit to India for the BRICS summit highlights a cautious diplomatic thaw between the two nations. Despite efforts to improve relations, significant economic cooperation remains stalled due to deep-seated mutual suspicion, regulatory hurdles, and national security concerns.
Why it matters
As two of the world's largest economies, the state of India-China relations significantly impacts global supply chains and the geopolitical balance in Asia, particularly as both nations navigate complex trade dynamics with the U.S.
Chinese President Xi Jinping’s much-anticipated visit to New Delhi this week, his first to India in seven years, should further the diplomatic thaw between the giant neighbours, but there are few signs as yet that their business ties will improve.
Businesses in both countries continue to face hurdles, including investments stalled by regulations, visa delays and restrictions on industrial equipment, underlining the gap between diplomatic progress and economic ties, analysts say.
While Mr. Xi is widely expected to be in Delhi this weekend for the annual BRICS summit, Beijing is yet to confirm his visit, and there is no word if he will have a meeting with Prime Minister Narendra Modi, which will be crucial to set the future direction of bilateral ties.
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