- Chinese President Xi Jinping and Indian Prime Minister Narendra Modi visit Daci’en Temple on May 14, 2015 in Xi’an, China.
- If you go by official Indian government figures, Chinese direct investments into the country this century hit a paltry $1.6 billion in March 2017.
- That’s a weak showing compared to President Xi Jinping’s 2014 promise to spend $20 billion over five years in India, one of the fastest growing Asian economies.
- But while there’s yet to be big bang investments accompanied by political fanfare, the Chinese have steadily and quietly been investing in Indian companies over the past few years.
CNBC - 3 years ago