From Reuters:
Walk into an Indian market and ask for cheap batteries, or a toy, a shirt or even a portrait of a Hindu god, and chances are the shopkeeper will offer Chinese products with a rider that they are not very reliable.
Talk to senior officials at a top Chinese telecoms company, and ask them about their experience of doing business in India, and you would hear mournful stories of how they were denied deals worth billions of dollars by Indian state firms at the last minute despite having the best bid.
Both are instances that indicate how decades-old mistrust and a lack of understanding between the world’s two most populous nations could hurt the scorching pace at which their business links have grown, experts said. [Full Text]
Read CDT’s earier post: “A Thaw Between India and China.”
