A State-run Chinese newspaper on Tuesday fully backed environment minister Jairam Ramesh’s controversial comments made in Beijing on India’s ‘alarmist’ attitude to Chinese investment.
While Ramesh battles a backlash in New Delhi for criticising the home ministry, the Beijing-based China Daily said his remarks ‘seem prudent’.
The English newspaper is considered an official mouthpiece of the Communist Party’s domestic and foreign policies.
“To dispel suspicion about Chinese investments, India should treat China more as a trustworthy partner instead of as a potential competitor,” it said. “A higher degree of political trust is needed to build a healthier economic and trade relationship.”
The editorial quoted Ramesh saying in Beijing that India should take a ‘much more relaxed’ approach to Chinese investment and remove ‘needless restrictions’.
“Skirmishes over trade have arisen from time to time in recent years, with most such disputes being instigated by the Indian side,’’ said the editorial, claiming that the latest import restrictions on Chinese telecom equipment violate World Trade Organisation norms and could ‘chill Sino-Indian friendship’.
The paper said both economies complement each other and should handle trade friction ‘delicately’ to add sincerity to commitments to take ties to a new level during the current 60th anniversary of diplomatic ties.
In January 2010, bilateral trade notched 4.6 billion dollars, up 58.07 pc from January 2009. India and China are targeting 60 billion dollar bilateral trade this year. Ramesh had pointed out at a media talk in Beijing on Sunday that bilateral trade with China forms eight per cent of India’s global trade, but only 1.5 pc of China’s global trade.