September 19, 2020
By banning the chinese apps due to security concerns india may have caused a massive dent inchina's aspirations of global dominancebut it would be naive to think that china has no plan b or the dragon is not planning to hurt india .
According to a chinese media article which had inputs from zhao zhang chang of the shanghai institute for international studies the actual reasons behind the abs ban is neutral's intention to antagonize china and cause losses to chinese investors it was also mentioned that a beijing-based chinese tech company which has business in india has already halted hiring new employees in india but the real worry for india is not the possibility of the chinese firm's lack of keenness in investing in india after this india's real concern could be the possible impact that it has on other foreign companies that are located in india according to long jing chan president of the chengdu institute of world affairs the foreign manufacturing companies in india need part supplies from their factories in china and due to the ongoing situation some of those chinese factories may be hesitant to supply those parts to india according to him this could deter foreign firms from investing in india well to a neutral observer it appears that through articles such as this china actually ends up exposing its dangerous intentions and perhaps this is exactly what india and other countries in the world need to see and understand these articles may indicate that the jobs and ecosystem that are created for chinese capital seem to be very fragile in nature and cannot always bring prosperity in the long run unless they serve chinese expansionism but if this chinese expert's warning is real and what they are saying is really going to happen should india regret its move or should india celebrate according to a study from mumbai-based research institute gateway house chinese fdi into india is small at 6.2 billion dollars but its impact is already outsized given the increasing penetration of tech in india the investments made by nearly two dozen chinese tech companies and funds led by giants like alibaba by dance and tencent which have funded 92 indian startups including unicorns such as paytm by juice oil and ola the report adds that china is embedded in indian society the economy and the technology ecosystem that influences it a majority more than half of india's 30 indian unicorns have a chinese investor but the questionis why india's startups accept the chinese money according to gateway house most indian venture capital financiers are wealthy individuals or family offices and cannot make the hundred million dollar commitments needed to finance startups for their early losses so it is the advantage of the deep pockets of these chinese companies that can easily tolerate these early losses before a startup becomes profitable but it seems that the trend of chinese investment in indian startups is causing a massive geopolitical headache for india the mumbai-based research institute mentions that the chinese are blanketing the whole of india and are creating a diamond necklace around india that is so attractive and insidious that it will make china's potent indian ocean string of pulse strategy seem less threatening to many it may appear that it is this time or necklace that india has broken by banning chinese apps but the problem doesn't end here even if india finds an alternative for the initial capital that its startups require and even if it manages to reduce its overall over dependence on china there can be investments made in india by firms based out of singapore and elsewhere where the ultimate owner could be chinese but again as long as india thinks that a foreign app or a foreign firm is causing a security concern in its territory it can always bend or restrict it regardless of where it is from as after all the indian ban on mobile apps was not country specific anyway these developments are expected to bring massive geopolitical and economical changes in this region and in due course we should be able to find out if this potential threat from china is actually a blessing in disguise after all why would india complain when it has been trying to encourage its youth to become job creators instead of job seekers.
