Monday 26 January 2015

Indo-China relations

China has accumulated about 3.5 trillion dollars foreign exchange reserves, most of them in the form of U.S. Treasury bonds.
This is a huge amount of hot money, looking for areas of investment. This inevitably makes China an aggressive, imperialistic country looking hungrily for colonies.
 So we should forget all ' Hindi-Chini Bhai Bhai '  rhetoric and defend ourselves economically and militarily. The economic attack by China on India has already started, with the Chinese entry into our markets. The military attack may not be immediate, but is bound to come one day.
 I would like to make it clear that I am not against the Chinese people, the vast majority of whom are good people. But there are certain ' iron ' laws in economics, which govern the action of men. And politics is concentrated economics.