Friday, June 30, 2006

Rajinder Puri on China

Statesman carried an op-ed on the 27th June by Rajinder Puri. (Do your own search for the op-ed. When I get my broadband I’ll try to link up archived materials—but not while I’m still on my dial up). Although Mr Puri is more known as a cartoonist, I like his piece.

He said China is still helping ‘some of the insurgencies’.

Well, I’m blogging right from the storm centre of the one of the most active insurgencies of the Indian state and nobody is writing about the China factor anymore. There is not even talk about it. The general consensus seems to be that the China bogey is a dead horse.

I must remind you here that even all the battalion of the SSB has already been shifted to India-Nepal border. There have been consistent write ups stating that SSB has been raised for countering the feared Chinese incursion. The main theory is that SSB personnel will stay back immersed themselves among the general public in the advent of a Chinese incursion. Thus stayed immersed, they will form the eyes and ears in organizing the counter attack against the Chinese. It is said they are specially trained for that kind of warfare.

Now, they seem to be battling, not exactly the Chinese but a Chinese inspired ( Imean, ideologically) silent invasion—that of the widespread infiltration of Nepali Maoists along the India-Nepal border towards UP and Bihar.

And another very interesting point is that, despite all the hypes of its gargantuan inflows of FDIs and consistent 9% growth rate, Mr Puri said, Chinese economy is in a big mess. His take is that the inflows of bad loans to the Chinese PSUs now stand at around 700 billion dollars. This amount neatly cancels out nearly 800 billion dollars worth of foreign exchange reserve it has been piling up in dollars and euros. And the Chinese Government cannot stop this inflow of bad loans because the PSUs employ nearly 60% of the Chinese workforce. As we are writing this Chinese Government keeps pumping in money to the PSUs and this money should be considered as some form of grant. If this grant is withdrawn, there will be great social turmoil in China, he said.

Mr Puri wrote that piece to time with the visit of Mr MK Narayanan, National Security Advisor, to Beijing for the talk about the disputed borders along the Northern and Eastern sectors.

His message to Mr Narayanan: In view of this big mess in its economy and resultant preoccupation of its political leadership to tackle it, India should really hard charge and up the ante during the talk in Beijing.

Coincidentally, today’s Times of India ( I could not find today’s Statesman) carried a news item stating that as soon as Mr Narayanan returned from Beijing, the cabinet committee on security approved a programme of constructing a 800 kms long road along the disputed LAC (line of actual control) at the cost of around 1000 crores of Rupees. It mentioned that at some points the road would go as near as 20 kms to the LAC. It specifically mentioned that India has so far avoided doing such thing as it would be construed as an act antagonistic to the Chinese. So, the Government of India has indeed broken new grounds here.

Just as Mr Rajinder Puri had insisted on his op-ed.

No comments: