India’s new FDI rules may open new flashpoint with China
On Saturday, India stepped up scrutiny of investments from companies based in neighbouring countries, in what is widely seen as a move to stave off takeovers by Chinese firms during the coronavirus outbreak. India's new rules for foreign investment violate WTO principles of non-discrimination and are against free and fair trade, a Chinese embassy spokesperson said on Monday, potentially opening a new flashpoint in their uneasy ties. On Saturday, India stepped up scrutiny of investments from companies based in neighbouring countries, in what is widely seen as a move to stave off takeovers by Chinese firms during the coronavirus outbreak. The changes to federal rules on investment were meant to curb opportunistic takeovers and acquisitions, the government said, but it did not mention China i...