After the 2020 Himalayan clashes, New Delhi tightened the screws – more scrutiny on Chinese investment, restricted business travel, several deals blocked or slow-walked. The message wasn’t subtle: India would eat the economic cost if it meant shrinking China’s grip on strategically sensitive sectors.That’s now being dialed back.
On August 6, Indian and Chinese officials sat down in New Delhi for the 36th round of their border-affairs working mechanism – one more step in a thaw that’s already brought easier business travel, renewed commercial ties and a selective loosening of investment rules. Both sides went through the usual language about peace and tranquillity along the Line of Actual Control.