Like US, India should also take ‘high fence, small yard’ route on entry of Chinese firms
India and the US face a similar dilemma on China. Both countries could benefit from technology and investment in a wide swathe of sectors where Chinese companies are the best. But China poses security threats that must be addressed. The US solution is a ‘high fence, small yard’ approach enunciated by national security advisor Jake Sullivan and treasury secretary Janet Yellen. India needs a similar approach.
This strategy says, first determine where China must be kept out. In these sectors, erect a high fence by declaring an outright ban or the most intensive scrutiny before clearance. But do not build a fence around a big yard. That is, do not prohibit a very wide range of Chinese products and companies.
Disclaimer
Views expressed above are the author’s own.
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