India will not relax rules on Chinese investment within the next twelve months, despite the warmer tone at the BRICS summit.
Wang Yi's framing of India and China as "partners not rivals" is diplomatic messaging by China, but it's not clear that India will agree any time soon. New Delhi's security establishment still treats Chinese investment in telecoms, ports and tech as a strategic risk, and that calculus has not shifted. The securocrats still hold enough rule-making sway to keep Beijing at bay.
Wang Yi's framing of India and China as "partners not rivals" is diplomatic messaging by China, but it's not clear that India will agree any time soon. New Delhi's security establishment still treats Chinese investment in telecoms, ports and tech as a strategic risk, and that calculus has not shifted. The securocrats still hold enough rule-making sway to keep Beijing at bay.