The Indian playbook to snare and skin foreign investors is very simple and straightforward, no need much grey matter to see through their ploy. But when there are willing suckers volunteering to be cheated, it makes the Indian ploy so QED. The Chinese, Chinaman or overseas Chinese, are no different. All thinks India is the long term future to make a pile. Even being repeatedly cheated, they will continue to crawl to India to give more money to the Indians to play with, always thinking in the long run will surely make profit.
Xi is now leading a big team in his coming visit to India. To the Indians, the Chinese companies are bloated ATMs, all overflowing with money to be milked. Many silly countries have their big companies and corporations being snared and trapped and quietly keep paying and paying, afraid to complain for fear of spilling the beans. Many Chinese companies have been robbed in broad daylight in India by the hundreds of millions and billions. Would Xi go to India and repeat the same fiasco that affected Chinese companies in the past?
India is putting up all its charm to attract Chinese money and investments. The traps are all set for the greedy Chinese to fall in. Did Xi and the Chinese companies learn anything from their past? There is nothing wrong with doing business with India as long as money is held outside India, no pouring in of hard cash on land and assets that would be controlled by the Indians. Never, never take up any share ownership of any Indian companies no matter how attractive the terms may look like now. The Indians can change them anytime they want like changing underwear. Oops, what underwear?
Xi and Chinese companies should stick to the cash on delivery model when doing business with India. No investment in plants, factories or assets. This is a big NO, NO. Just sell whatever the Indians want to buy, even at friendship prices, but COD. Extending credit is like doing charity to the Indians, or being suckers.
Let Xi and Modi have a good meeting and improve relations and trade between the two countries...BUT no dumping of hard cash into India, for goodness sake. This is especially so for the big Chinese companies and national funds. To the Indians, these are cash cows to be milked or skin alive, down to skin and bones given the chance. Many silly big companies and investment funds have lost their pants in India but too ashamed to admit so. China still has a chance not to fall into the same Indian trap.
A bird in hand is worth plenty of golden mirages in the bush.