May 15, 2010, 10.16 AM IST
India's ban on imports of Chinese telecommunications equipment over spying fears underscores deep mistrust of its neighbour but is unlikely to derail cooperation between the world's two fastest growing economies
In a sign of how seriously
Surging bilateral trade and shared interests on matters ranging from climate change to the role of emerging economies in global institutions mean the two rising giants do not want to let their frequent disputes jeopardise broader mutual interests.
"The most likely scenario is that the Chinese will go into dialogue with
China's ambassador to India and Chinese executives have been paying visits to the home secretary, who is in charge of security, to allay fears their gear can be used for spying.
Capital spending by Indian mobile firms will approach USD 15 billion this year, from about USD 10 billion in 2009, said Shiv Putcha, managing analyst at Ovum
In a sign
"ZTE may win approval but it will be hard for Huawei to convince us because of the company's past links to
Huawei, founded by a former PLA officer, says it is entirely owned by its employees but has long been shrouded in secrecy.
Srikanth Kondapalli, a professor of Chinese studies at
"Because both of them are rational actors, I think they will divide issues of cooperation, competition, or conflict," he said.
While the barring of Chinese telecoms gear has been front-page news in
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