China silent on India’s move to ease FDI norms; Chinese businesses say ‘partial’ opening

Beijing: China has refrained from responding to India’s decision to ease foreign direct investment norms for countries sharing land borders with it, while the Chinese business called the move “partial” opening up, with restrictions still in place on large-scale investments.

New Delhi on Tuesday eased foreign direct investment (FDI) norms for China and other nations sharing land borders with it, by allowing overseas firms having up to 10% shareholder from these nations to invest in India without mandatory approval.