It has now become clear that Chinese President Xi Jinping will not attend the G-20 summit to be held in New Delhi this weekend.
Prime Minister Li Keqiang will represent China in this event. Li is the second-highest leader in China’s government after Xi.
Although China has not given any clear reason for Xi not coming to India, there could be many possible reasons for his absence.
It is known to all that there has been a rift in diplomatic relations between India and China, especially after the military clash between the two countries in Galwan Valley in 2020, the situation has become abnormal.
After this incident, there is a large gathering of armies of both the countries on the border.
Xi’s absence could be a signal to India that despite the ongoing talks between the representatives of the two countries, the resolution of the border dispute is not going to come soon.
The absence of the Chinese President also indicates that China probably does not want the G-20 summit chaired by India to be successful.
In the last few years, India’s prestige has increased in the world on both strategic and economic fronts. China, along with Russia, has disrupted consensus among member countries in ministerial-level meetings.
It can also be argued that China does not want to take much interest in the G-20 grouping and is only focused on expanding BRICS to challenge the US-led Western alliance.
However, it is not as simple as thinking so. BRICS will be more eager to attract the world’s attention, especially after expansion.
BRICS as a group has not made any significant progress since coming into existence.
For example, China is trying to find an alternative to the international financial system dominated by the US currency dollar.
However, given China’s current position on capital controls and the weakness in its financial system, it does not seem that finding an alternative to the dollar will be so easy.
The second important thing is that it is not in the interest of China itself to break relations with the western countries.
It is also possible that Xi decided not to attend the G-20 summit in India to avoid questions from Western leaders on his support for Russia.
Whatever the reason, there is no doubt that the absence of the Chinese President at the G-20 summit in New Delhi will tarnish the event a bit.
It is also possible that given the objections of China and Russia from the outset, the absence of their leaders will make it difficult to issue a joint statement at the end of the summit.
It can be said that for the past several years the G-20 group itself has not been able to achieve much, but this time under the chairmanship of India various other topics including multilateral development banks and debt stability in low and middle income groups are being discussed. happened.
Although it is not yet clear how far the world will progress under India’s leadership, progress is definitely being made on some issues. It is worth noting that China’s cooperation will be essential in terms of debt sustainability.
But China does not want to suffer any loss because it says that loans given to low-income countries fall in the commercial category.
Xi’s decision not to attend the G-20 summit will also harm China’s international image as a rising superpower in the world. This decision will give rise to distrust in China’s top leadership.
After assessing the current circumstances, India will have to deal with China beyond the requirements of groups like the G-20.
It has become clear that there is no scope for improvement in bilateral relations between India and China in the near future.
India’s dependence on imports from China is very high, hence there is a possibility of economic risk.
Along with reducing dependence on imports from China, India will also have to proceed with caution at the military and diplomatic levels.