Highlighting China’s efforts to step up rail-road connectivity with Nepal, an article in the state-run Global Times said India is also boosting its relations with China’s neighbour Mongolia with a USD one billion “bribe”.
It emphasised that India reportedly said last week that it would help Mongolia use $1 billion of aid offered in 2015 to overcome its current financial and economic crisis after Mongolia sought clear support from India against ‘China’s blockade’, in reaction to the visit of the Dalai Lama to Ulaanbaatar.
“China won’t be overly sensitive about India’s cooperation with Mongolia, and won’t mistake India’s assistance as a counter to China,” the article said.
“Mongolia’s economy is highly dependent on China, with more than 90 percent of its imports and exports traded directly with China. As such, China’s influence on Mongolia’s economy cannot be replaced by India in the short run, and efforts will be in vain if India attempts to ‘bribe’ Mongolia’s loyalty with only USD one
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