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China, India, and International Law: A Justice Based Vision Between the Romantic and Realist Perceptions

Published online by Cambridge University Press:  30 January 2019

Muthucumaraswamy SORNARAJAH
Affiliation:
National University of Singapore, Singaporelawsorna@nus.edu.sg and lawwjy@nus.edu.sg
Jiangyu WANG
Affiliation:
National University of Singapore, Singaporelawsorna@nus.edu.sg and lawwjy@nus.edu.sg

Abstract

This paper aims to build an analytical framework and a research agenda for a study of the potential impact of the rise of China and India on international law. In the light of the possibility that the two states may, together or individually, make changes in international law and shift it from its present Europe-America moorings, this paper attempts to analyze and answer three topics: (1) the common and different stances of China and India on the existing international legal order; (2) the changes China and India have sought to the international status quo; and (3) the contributions that have been or could be brought by China and India to the development of international law and their implications for the future. It proposes an analytical framework in which these questions are viewed through two lenses: the romantic vision and the realist vision.

Type
Articles
Copyright
Copyright © Asian Journal of International Law, 2019 

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Footnotes

*

Muthucumaraswamy Sornarajah is CJ Koh Professor of Law, and Jiangyu Wang is Associate Professor at the Faculty of Law, National University of Singapore. Many ideas in this paper and in our larger research project on China, India, and international law came from our discussions with the students on the course “China, India, and International Law”, which the two authors co-teach at the Faculty of Law, National University of Singapore. The authors would also like to thank Simon Chesterman, Antony Terence Anghie, Su Yu, Zeng Huaqun, Cai Congyan, Chen Huiping, Han Xiuli, and Fang Dong, and two anonymous reviewers for their valuable comments on early drafts. The usual disclaimer applies.

References

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6. The charge has often been made that international law is Eurocentric. See ANAND, R.P., New States and International Law (Delhi: Vikas Publishing House, 1973)Google Scholar ; ANGHIE, Antony, CHIMNI, Bhupinder, MICKELSON, Karin, and OKAFOR, Obiora C., eds., The Third World and International Order: Law, Politics and Globalization (Leiden: Brill Publishers, 2003)Google Scholar ; ANGHIE, Antony, Imperialism, Sovereignty and the Making of International Law (Cambridge: Cambridge University Press, 2005)CrossRefGoogle Scholar .

7. See MADDISON, Angus, The World Economy: A Millennial Perspective (Paris: Organisation for Economic Co-operation and Development, 2001)CrossRefGoogle Scholar at 263 (suggesting that, in 1820, China’s share of world GDP was 32.9 percent, and India’s share was 16 percent).

8. Chen, LI, “Universalism and Equal Sovereignty as Contested Myths of International Law in the Sino-Western Encounter” (2011) 13 Journal of the History of International Law 75 CrossRefGoogle Scholar at 77 (arguing that, in the late Qing dynasty period when China encountered the European powers, “Britain and the other Western empires … were influenced by an originally Eurocentric discourse of civilization, sovereignty, and universalism to claim extraterritoriality and natural-law rights to freely trade, travel, and proselytize in China without allowing the latter the same rights and privileges”).

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11. ROY, Tirthankar, East India Company: The World’s Most Powerful Corporation (New Delhi: Allen Lane, 2012)Google Scholar .

12. The poem “White Man’s Burden” was written by Kipling in the context of US rule over the Philippines but it is usually taken out of context due to Kipling’s connections with India. It is emblematic of European racism and provides an altruistic justification for imperialism. Both China and India have older claims to civilization.

13. The excesses committed by the British in quelling the mutiny are portrayed in DALRYMPLE, William, The Last Mouhal: The Fall of a Dynasty: Delhi, 1857 (New York: Vintage, 2008)Google Scholar .

14. The standard of civilization was a fictional notion that enabled Europeans to exclude other states from personality to enjoy rights under international law. See generally GONG, Gerrit W., Standard of Civilization and the Entry of Non-European Countries into International Society: The Cases of China, Japan and Siam (Oxford: Oxford University Press, 1981)Google Scholar . See also Anghie, supra note 6, 52–61.

15. CHESTERMAN, Simon, “Asia’s Ambivalence about International Law and Institutions: Past, Present and Futures” (2016) 27 European Journal of International Law 945 at 946–53CrossRefGoogle Scholar .

16. SORNARAJAH, Muthucumaraswamy, Resistance and Change in the International Law on Foreign Investment (Cambridge: Cambridge University Press, 2015)CrossRefGoogle Scholar at 22.

17. India and China are members of BRICS, a grouping of newly industrializing states which includes Brazil, Russia, India, China, and South Africa. The group meets periodically to set out its agenda.

18. In earlier phases, as at the Bandung Conference of non-aligned states, India and China played leading roles. For a study of their roles, see ACHARYA, Amitav, East of India, South of China: Sino-Indian Encounters in Southeast Asia (Oxford: Oxford University Press, 2017)CrossRefGoogle Scholar .

19. Thus China claims historic title to the islands in the South China Sea. India, which has an interest in the area due to its links with Vietnam, uses freedom of navigation to oppose Chinese dominance in the area. The McMahon line drawn in British times is maintained by India on the basis of rules such as prior discovery and prescription.

20. See WANG, Jiangyu, “Legitimacy, Jurisdiction and Merits in the South China Sea Arbitration: Chinese Perspectives and International Law” (2017) 22 Journal of Chinese Political Science 185 at 201–4CrossRefGoogle Scholar .

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22. Koller, ibid.

23. Following Peter Koller, principles of justices are understood as “(1) transactional justice applying to exchange relationships; (2) political justice concerning power relations; (3) distributive justice dealing with communal relationships; [and] (4) corrective justice focusing on wrongness relationships”; ibid., at 188. Specifically, transactional justice entails “fair rules and framing conditions which make sure that all participating peoples and nations can derive benefit from them”. It requires avoiding the practice of unilateralism and imperialism as well as sufficient control of multinational companies, ibid.; at 192–3. Political justice concerns the exercise of authorized power and requires “an impartial enforcement of international law and the provision of public goods” to deal with the world’s most severe problems in line with the common interest of all peoples; ibid., at 194. Distributive justice demands that “international economic cooperation is to the benefit of all peoples, in particular the less developed and poor nations”; ibid., at 197. Lastly, corrective justice may serve as “a subsidiary argument to support and supplement the other demands of justice”, but should not be treated with primary importance; ibid., at 197–8.

24. As The Economist has put it:

Globally, the rules-based system that the West set up in the second half of the 20th century brought huge benefits to emerging powers. But it reflects an out-of-date world order, not the current global balance, let alone a future one. China and India should be playing a bigger role in shaping the rules that will govern the 21st century. That requires concessions from the West. But it also requires commitment to a rules-based international order from China and India. A serious effort to solve their own disagreements is a good place to start.

See “Contest of the Century” The Economist (19 August 2010), online: The Economist <https://www.economist.com/node/16846256/print>.

25. “China and India Should Dance with Each Other, Not Fight with Each Other” Xinhua (3 March 2018), online: Xinhua <http://www.xinhuanet.com/politics/2018lh/2018-03/08/c_137024220.htm>. See also Vidhi DOSHI, “China’s Foreign Minister Suggests ‘Chinese Dragon’ and ‘Indian Elephant’ Should Dance, Not Fight” The Washington Post (9 March 2018), online: The Washington Post <https://www.washingtonpost.com/world/asia_pacific/chinas-foreign-minister-suggests-chinese-dragon-and-indian-elephant-should-dance-not-fight/2018/03/09/b27f81ac-2397-11e8-a589-763893265565_story.html?utm_term=.5e6510042c30>.

26. See generally MAY, Reinhard, Law and Society East and West: Dharma, Li and Nomos, Their Contribution to Thought and to Life (Stuttgart: Franz Steiner Verlag, 1985)Google Scholar .

27. A touching illustration is the instruction of the rightful king in the Indian epic The Mahabharata to ask for the kingdom, failing which a town, then village, and resorting to war only upon the refusal of the opponent to cede even a village for the claimant to rule over.

28. See CHEN Tiqiang, “The People’s Republic of China and Public International Law” (1984) 8 Dalhousie Law Journal 3 at 5 (noting “Under the unequal treaties, China was actually deprived of the basic attributes of a sovereign state”).

29. See generally LOZOYA, Jorge A. and BHATTACHAYA, A.K., Asia and the New International Economic Order (Oxford: Pergamon Press, 1981)Google Scholar .

30. Pranab Kumar Mukherjee quoted in MUNI, S.D. and DAS, Suranjan, eds., India and China: The Next Decade (Kolkata: Rupa and Co., 2011), 17 Google Scholar .

31. See the works on China and India cited supra note 1.

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33. See generally Zhaojie (James LI), LI, “Traditional Chinese World Order” (2002) 1 Chinese Journal of International Law 20 CrossRefGoogle Scholar ; DELISLE, Jacques, “China’s Approach to International Law: A Historical Perspective” (2000) 94 Proceedings of the American Society of International Law 267 CrossRefGoogle Scholar ; Qizhi, HE, “China and International Law” (1987) 8 Grotiana 37 CrossRefGoogle Scholar ; LEE, Eric Yong Joong, China and International Law in the 21st Century: The Rising Dragon (Seoul: Yijun Press, 2013)Google Scholar . In Chinese, see Zewei, YANG, Guojifa Shilun [Study on the History of International Law] (Beijing: Higher Education Press, 2011)Google Scholar . See also Zewei, YANG, “Western International Law and China’s Confucianism in the 19th Century: Collision and Integration” (2011) 13 Journal of the History of International Law 285 CrossRefGoogle Scholar .

34. This may be due to new alliances India is forming with the US in seeking to balance Chinese power and China’s more assertive policies. See Harsh V. PANT, “Pivot to the Indo-Pacific” The Hindu (9 November 2017), online: The Hindu <http://www.thehindu.com/opinion/lead/pivot-to-the-indo-pacific/article17932099.ece>.

35. Despite Indian visions being different within India as to the ideal world order, there is cohesion in many areas within these strands; an opposition to imperialism, the pull of sovereignty, resistance to excesses of globalization, and the regulation of the multinational corporations are common themes. See CHIMNI, B.S., “Alternative Visions of Just World Order: Six Tales from India” (2005) 46 Harvard Journal of International Law 389 Google Scholar . Though it is not possible to talk of alternative visions in China except within the Communist Party, there would be agreement on the common strands.

36. For the use of constructivism in the case of China, see MUSHKAT, Rhonda, “China’s Compliance with Public International Law” (2011) 20 Pacific Rim Law and Policy Journal 41 at 57–8Google Scholar .

37. See KENNEDY, Andrew, The International Ambitions of Mao and Nehru: National Efficacy Beliefs and the Making of Foreign Policy (Cambridge: Cambridge University Press, 2011)CrossRefGoogle Scholar . This work is a study of personalities and their impact on the formation of foreign policy.

38. On China and the Bandung Conference, see DIRLIK, Arif, “The Bandung Legacy and the People’s Republic of China in the Perspective of Global Modernity” (2015) 16 Inter-Asia Cultural Studies 615 CrossRefGoogle Scholar . On the PRC’s official position on the Bandung Conference, see Ministry of Foreign Affairs of the People’s Republic of China, “The Asian-African Conference”, online: FMPRC <http://www.fmprc.gov.cn/mfa_eng/ziliao_665539/3602_665543/3604_665547/t18044.shtml>.

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40. The “Singapore issues” were to formulate a discipline within the WTO on investment, competition, transparency in government procurement, and trade facilitation were beaten back through the dissent of China and India.

41. A criticism is that the Five Principles are no different from the two Westphalian principles of sovereignty and non-interference.

42. “Hu Jintao and Wen Jiabao Exchanged Congratulatory Messages with India’s President and Premier” Xinhua News Wire (28 June 2004).

43. “Carrying Forward the Five Principles of Peaceful Coexistence in the Promotion of Peace and Development”, speech by Premier Wen Jiabao at the Rally Commemorating the 50th Anniversary of the Five Principles of Peaceful Coexistence (28 June 2004), online: FMPRC <http://www.fmprc.gov.cn/eng/topics/seminaronfiveprinciples/t140777.htm>.

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47. See CHEN An and CHEN Huiping, “China-India Cooperation, South-South Coalition and the New International Economic Order: Focus on the Doha Round” in Sornarajah and Wang, supra note 3 at 92–131; SAUL, Ben, “China, Natural Resources, Sovereignty and International Law” (2013) 37 Asian Studies Review 196 CrossRefGoogle Scholar . Saul deals with the movement away from the earlier attitude of China when China came to search for energy resources. It began adopting a more pragmatic approach. He thinks that China will act the same way the European colonialists acted in the past.

48. China now accepts payment of full compensation for expropriation under its new treaties, moving away from old stances, as it becomes an exporter of capital into the US and Europe.

49. On the rise of China-led international economic institutions including the AIIB and NDB, as well as IMF reform in response to Asian countries’ underrepresentation in its decision-making mechanism, see WANG, Jiangyu, “International Economic Law and Asia” in Simon CHESTERMAN, Hisashi OWADA, and Ben SAUL, eds., Oxford Handbook of International Law in Asia and the Pacific (Oxford: Oxford University Press, 2019, forthcoming)Google Scholar .

50. Wang, ibid. India played a leading role in forming the rules of the development dimension in the world trading system. China appears to be more “obedient” in terms of subscribing to the “free trade” spirit of the WTO and has utilized the rules of the world trading system to maximize its trading power.

51. See Won KIDANE, “China’s Bilateral Investment Treaties with African States in Comparative Context” (2016) 49 Cornell International Law Journal 141 at 144 (stating “China’s position as both a major importer of capital puts it in a serious theoretical dilemma … As a recipient of capital, it has all the incentives of a developing country to be protective; while as an exporter of capital, it has all the incentives to seek the most expansive rights for its nationals”).

52. But, faced with a spate of arbitrations against it, India has now changed its model treaty to permit more defence against state regulatory interference with foreign investment.

53. For instance, the Indian government has made it clear that the 2016 Model BIT of India was to provide “appropriate protection to foreign investors in India … while maintaining a balance between investor’s rights and the government’s obligations”. See RANJAN, Prabhash and ANAND, Pushkar, “The 2016 Model Indian Bilateral Investment Treaty: A Critical Deconstruction” (2017) 38 Northwestern Journal of International Law and Business 1 Google Scholar at 8.

54. China has a vision of dominating this region. See MILLER, Tom, China’s Asian Dream (London: Zed Books, 2017)Google Scholar . It is an area of India’s traditional cultural and other interaction. See COEDES, George, The Indianized States of Southeast Asia (Honolulu: East-West Center Press, 1968)Google Scholar . There are various editions of the translation of this work originally published in French as Les Etats hindouises d’lndochine et d’lndonesie and revised by the author in 1964. Its thesis is that India animates the values of most Southeast Asian states.

55. See Ministry of Foreign Affairs—Brazil, “IBSA—India, Brazil, South Africa Dialogue Forum”, online: ITAMARATY <http://www.itamaraty.gov.br/en/politica-externa/mecanismos-inter-regionais/7495-india-brazil-south-africa-ibsa-dialogue-forum>.

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57. In Vishaka and others v. State of Rajasthan and others (AIR 1997 Supreme Court 3011), the Indian Supreme Court decided that the Convention on Elimination of Discrimination against Women became part of Indian domestic law upon ratification.

58. In 2013, Chinese President Xi Jinping put forward his strategic plans for the land-based “Silk Road Economic Belt” and the ocean-going “21st Century Maritime Silk Road”, collectively known as the “One Belt, One Road” [OBOR] project, though the Chinese government prefers to officially refer to it as the “Belt and Road Initiative [BRI]. As China’s most ambitious foreign policy so far, the BRI aims to, among countries along the two roads, enhance trade and investment facilitation, promote people-to-people relations, develop financial integration, and improve key transportation passageways. Significantly, it involves China underwriting billions of dollars of infrastructure investment in the BRI regions. Reportedly, China is spending roughly US$150bn a year (and has committed over US$1.4trn in total) in building railways, highways, ports, and pipelines in countries along the BRI.

59. The concept of “Chindia” was first coined by Jairam Ramesh, India’s Minister of State for Commerce, in 2004, and has since been used to portray a romantic picture of what can be achieved when China and India put their national strengths together.

60. See e.g. Holslag, supra note 1.

61. See “New Map Shows Arunachal Pradesh as Part of Tibet” India Today (28 June 2014), online: India Today <https://www.indiatoday.in/india/story/china-map-shows-arunachal-pradesh-as-part-of-tibet-198603-2014-06-28>. See also “Could This Map of China Start a War?” Washington Post (27 June 2014), online: Washington Post <https://www.washingtonpost.com/news/worldviews/wp/2014/06/27/could-this-map-of-china-start-a-war/?utm_term=.325f52fc656a>.

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64. Sharma, supra note 1 at 174.

65. Raffaello PANTUCCI, “How Beijing, Delhi and the China-Pakistan Economic Corridor Could Reshape Global Foreign Policy in Asia” South China Morning Post (11 June 2018), online: South China Morning Post <https://www.scmp.com/news/china/diplomacy-defence/article/2148732/how-beijing-delhi-and-china-pakistan-economic-corridor>.

66. “India’s Nuclear Tests Show Fear of China” Wall Street Journal (15 May 1998), A13.

67. For the Chinese position on India’s nuclear test, see ZHANG, Ming, China’s Changing Nuclear Posture (Washington, DC: Carnegie Endowment for International Peace, 1999) 2530 Google Scholar .

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70. See Rory MEDCALF, “Reimagining Asia: From Asia-Pacific to Indo-Pacific” The ASAN Forum (26 June 2015), online: The ASAN Forum <http://www.theasanforum.org>. See also Andrew CARR and Daniel BALDINO, “An Indo-Pacific Norm Entrepreneur? Australia and Defence Diplomacy” (2015) 11 Journal of the Indian Ocean Region 30.

71. Ministry of External Affairs, Government of India, “Joint Statement—United States and India: Prosperity Through Partnership” (27 June 2017), online: MEA <http://mea.gov.in/bilateral-documents.htm?dtl/28560/United_States_and_India_Prosperity_Through_Partnership>.

72. See PAN, Chengxin, “The ‘Indo-Pacific’ and Geopolitical Anxieties about China’s Rise in the Asian Regional Order” (2014) 68 Australian Journal of International Affairs 453 CrossRefGoogle Scholar (arguing that “the ‘Indo-Pacific’ is not an innocent or neutral description, but is a manufactured super-region designed to hedge against a perceived Sino-centric regional order”).

73. Information on the NDB can be found at <https://www.ndb.int>.

74. MARTINS, Christiane, “The BRICS Bank: On the Edge of International Economic Law and the New Challenges of Twenty First Century Capitalism” in Rostam J. NEUWITHR, Alexandr SVETLICINII, and Denis De Castro HALIS, eds., The BRICS-Lawyers’ Guide to Global Cooperation (Cambridge: Cambridge University Press, 2017), 200 CrossRefGoogle Scholar . Another bank established by China is the Asian Infrastructure Investment Bank.

75. See SORNARAJAH, Muthucumaraswamy, “The Role of the BRICS in International Law in a Multipolar World” in Vai Io LO and Mary HISCOCK, eds., The Rise of the BRICS in the Global Political Economy (Cheltenham: Edward Elgar Publishing, 2014), 288 Google Scholar .

76. This is not unusual. Hegemonic states gave altruistic reasons such as the promotion of the standard of civilization for advancing norms that promoted national interests.

77. On what international relations can offer international law, see generally SLAUGHTER, Anne-Marie, “International Law and International Relations” (2000) 285 Recueil des Cours 9 Google Scholar , and ARMSTRONG, David, FARRELL, Theo, and LAMBERT, Helene, International Law and International Relations, 2nd ed. (Cambridge: Cambridge University Press, 2012)CrossRefGoogle Scholar .

78. Saul, supra note 47 at 197.

79. Ibid., at 210 (stating that “China is now far more law-abiding than law breaking, including as regards its defensive territorial claims, and is increasingly enmeshed in thicker global social relations”).

80. “BRICS Leaders Outline Their Path to Stability, Security, Prosperity” Xinhua News Agency (29 March 2012).

81. Simon TISDALL, “Can the Brics Create a New World Order?” The Guardian (29 March 2012), online: The Guardian <https://www.theguardian.com/commentisfree/2012/mar/29/brics-new-world-order>.

82. See e.g. Russel HSIAO, “Hu Calls on Russia to Shape New International Political Order” (2010) 10 Jamestown China Brief 1. See also Jane PERLEZ and Keith BRADSHER, “Xi Jinping Positions China at Center of New Economic Order” New York Times (14 May 2017), online: New York Times <https://www.nytimes.com/2017/05/14/world/asia/xi-jinping-one-belt-one-road-china.html>.

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84. G. John IKENBERRY, “The Rise of China and the Future of the West. Can the Liberal System Survive?” 87 Foreign Affairs 23 at 30.

85. Ibid.

86. HENKIN, Louis, How Nations Behave, 2nd ed. (New York: Council on Foreign Relations, 1979) 47 Google Scholar .

87. SLAUGHTER, Anne-Marie, “International Law and International Relations” (2000) 285 Recueil des Cours 9 Google Scholar at 33.

88. Ibid., at 30–2.

89. Ibid., at 34.

90. ETZIONI, Amitai, “Changing the Rules”, in the debate “Point of Order: Is China More Westphalian than the West?” (2011) 90 Foreign Affairs 172 Google Scholar .

91. United Nations, “Security Council Approves ‘No-Fly Zone’ Over Libya, Authorizing ‘All Necessary Measures’ to Protect Civilians, by Vote of 10 in Favour with 5 Abstentions” (17 March 2011), online: UN <http://www.un.org/News/Press/docs/2011/sc10200.doc.htm>.

92. See ZHANG, Yongjin, China in International Society since 1949: Alienation and Beyond (Basingstoke: Palgrave Macmillan. 1998) 148 CrossRefGoogle Scholar . See also generally, DAVIS, Jonathan E., “From Ideology to Pragmatism: China’s Position on Humanitarian Intervention in the Post-Cold War Era” (2011) 44 Vanderbilt Journal of Transnational Law 217 Google Scholar .

93. The text is available at the website of Ministry of External Affairs of India <http://www.mea.gov.in/bilateral-documents.htm?dtl/7807/Agreement+on+Trade+and+Intercourse+with+Tibet+Region>.

94. “UNSC Resolution on Libya—India’s Explanation of Vote”, Indian Ministry of External Affairs, 18 March 2011 (emphasis added).

95. Madhavi BHASIN, “India’s Decision to Abstain from Vote on Libya’s ‘No-Fly’ Zone” Foreign Policy Blogs (25 March 2011), online: Foreign Policy Blogs <https://foreignpolicyblogs.com/2011/03/25/indias-decision-to-abstain-from-vote-on-libyas-no-fly-zone/>.

96. Quoted in AMSTUTZ, Mark R., International Ethics: Concepts, Theories, and Cases in Global Politics, 2nd ed. (Lanham, MD: Rowman & Littlefield Publishers, 2005) 53 Google Scholar .

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98. See US Department of Defense, “Secretary of Defense Ash Carter: A Regional Security Architecture Where Everyone Rises”, speech at the IISS Shangri-La Dialogue, Singapore, 30 May 2015, online: DOD <https://www.defense.gov/News/Speeches/Speech-View/Article/606676/iiss-shangri-la-dialogue-a-regional-security-architecture-where-everyone-rises/>.

99. Xiangshan Forum, “Work Together to Improve Regional Security Architecture and Address Common Challenges”, speech by H.E. Liu Zhenmin, Vice Foreign Minister of China, at the First Plenary Session of the 7th Xiangshan Forum, 11 October 2016, online: Xiangshan Forum <http://www.xiangshanforum.cn/artseven/sevenforum/sspeech/fmeeting/201610/1824.html>.

100. Wang, supra note 49.

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102. Suparna Dutt D’CUNHA, “How China Is Positioning Itself among India’s Top 10 Investors despite Bilateral Differences” Forbes (1 May 2018), online: Forbes <https://www.forbes.com/sites/suparnadutt/2018/05/01/how-china-is-positioning-itself-among-the-top-10-investors-in-india-despite-bilateral-differences/#707c29bc1dac> (noting that China invested US$700m in 2016, which rose to US$2bn in 2017).

103. “A Himalayan Rivalry” The Economist (19 August 2010), online: The Economist <https://www.economist.com/briefing/2010/08/19/a-himalayan-rivalry>.

104. Wang, supra note 4 at 354.

105. James GRIFFITHS, “India, China Agree to ‘Expeditious Disengagement’ of Doklam Border Dispute” CNN (29 August 2017), online: CNN <https://edition.cnn.com/2017/08/28/asia/india-china-brics-doklam/index.html>.

106. Kingling LIU, “How India Became China-led Development Bank’s Main Borrower” South China Morning Post (19 January 2018), online: South China Morning Post <https://www.scmp.com/news/china/diplomacy-defence/article/2129686/how-india-became-china-led-development-banks-main>.