India is everything the Indians want to believe in but not in reality

 But on social media, India is touted as the next China. India is already a self-anointed superpower, a self-declared next factory of the world, even bigger than China. The self-declared importance has lately been deflated by the news that Apple is moving some production back to China and Foxconn is building another facility in China to provide service to Apple.

India denied BYD's intention to build a EV plant in India, which in my opinion is a blessing in disguise for BYD. Now BYD is building that plant in Pakistan instead. Pakistan is delighted with the BYD investment.

Countries should not think that opportunities for building factories cannot succeed without them, as the world is so big, and countries elsewhere are extending open arms to invite such investments to grow their economy.

The frenzy to invest elsewhere by China is evident, as China has accumulated so much trade surplus to do exactly that. China has to find alternatives to recycle those surplus rather than investing them in risky USA assets like Treasuries. The confiscation of US$300 billion by the West is a very important lesson for China to divest its US$ holdings. More so now that the USA is instigating all the confrontation against China. 

Anonymous