TAILSPIN The Politics of India-China Economic Relations

Editors: Aravind Yelery • Mrudul Nile

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In recent decades, Asia’s ascent has been contextualized as the rise of two major neighboring countries in Asia – India and China. Besides voluminous work on the prospects and convergences between the two, currently they stand at an intersection of time where suspicion and mistrust veils the confidence. A degree of uncertainty arises from the more profound paradoxes, and India has been falling short in escaping the tailspin China has created in the bilateral, regional and global economic dynamics.

India’s China relations is not just about boundaries and boycott of Chinese products. The root of the relationship lies in deficiency of trust, knowledge, and repository of experts on China. To deal with India’s China Tailspin effectively, one must know and comprehend China thoroughly. This book brings out several aspects of India’s political-economic relations with China on the table. The book underlines the fact that while leveraging China’s inherent contradictions, India has to deleverage from China’s subtle global aspirational designs of domination.

Besides analyses on leadership, state capitalism, and geo-economics, the book describes special cases such as the Trade War, Structural Conflicts in Chinese Political Economy, Bangladesh-China-India-Myanmar Economic Corridor, WTO negotiations, Maritime trade, Belt and Road Initiative, and Taiwan to better elaborate the stakes involved in dealing with China. The recent boundary tension created a long tailspin, which in turn set off a raucous debate over China’s economic diplomacy and how India could comprehend it well.

Editors: Aravind Yelery • Mrudul Nile

AravindYelery is Senior Research Fellow (Associate Professor grade) at HSBC Business School, Peking University (PHBS), Beijing/Shenzhen; Visiting Faculty at Fudan School of Management, Shanghai; and Indian Institute of Management, Shillong. He was formerly Associate Fellow and Assistant Director at the Institute of Chinese Studies, Delhi, India.

Mrudul Nile is Professor in the Department of Civics and Politics, University of Mumbai. Currently, he is on requisition to the research wing of the State Election Commission, Maharashtra. He was selected by the US State Department for the Scholarship under the Fulbright-Hays Act at National Security Policy-Making Institute.

Contents

Foreword
Acknowledgments
List of Contributors

Section I: Setting the Tone

1. India-China Relations at the Crossroads: The Sum of Conflict and Cooperation
AravindYeleryandMrudul Nile

2. The Geo-economics, the Geopolitics and the Complexities between India and China
Relations: A Theoretical Perspective
Sachin N. Pardhe

3. Xi Jinping’s New China: A Challenge for India
Prashant Kumar Singh

Section II: Perspectives on the Chinese Economy

4. Adam Smith in Beijing: The Market, the Political Authority, and Society
Vishal Choudhury

5. Domestic Drivers behind China’s ‘Connectivity Agenda’
AravindYelery

6. Contested Terrains: The Labor Contract Law and Structural Conflicts in Chinese Political Economy
Reeja Nair

Section III: India and the Chinese Economy

7. Sailing through Crises: Economic Relations between India and China
Abhishek Pratap Singh

8. An Assessment of India-China Banking Sector Relations
Kishore Dere

9. India and China in the WTO Agricultural Negotiations: Stakes Amidst Crisis
AlaguPerumalRamasamyand Indira Ananth

Section IV: Regional and Global Context

10. Bilateral Challenges vs Multinational Prospects: Bangladesh-China-India-Myanmar Economic Corridor
Samir Sharma

11. Digital Silk Road Initiatives (DSRI) under BRI: Implications and Concerns for India
GyanaRanjan Panda

12. Divide etImpera: China’s Unassailable Presence in Europe
Preksha Shree Chhetri

13. The US-China Trade War: Assessing India’s Advantages and Opportunities
Divay Pranav

14. Does A Free Fall of India-China Relationship Offer Opportunities to Strengthen India-Taiwan Relations?
Sadia Rahman

15. India’s Maritime Orientation and the China Factor: Economic and Strategic Analysis of Maritime Interests and Strategies
Rohan Choudhary

Section V: Conclusion

16. Pulling out of Tailspin: Assessing the ‘Deleveraging’ Debate and the Search for ‘Level Playing’ Field in India-China Economic Relations
AravindYeleryandDivay Pranav

Index

 

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