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Aug 13, 03:03 PM
India and China Restore Economic Ties After 2020 Border Clash as Modi Aligns with BRICS; Both Lead Global Nuclear Reactor Build
India
Economics
Energy
Business
Environment
World

India and China Restore Economic Ties After 2020 Border Clash as Modi Aligns with BRICS; Both Lead Global Nuclear Reactor Build

Authors
  • Bloomberg
  • unusual_whales
  • zerohedge
8

India and China are restoring economic ties that were strained following a deadly border clash in 2020. This rapprochement is seen as part of Indian Prime Minister Narendra Modi's strategic shift towards closer alignment with the BRICS group, especially after former U.S. President Donald Trump imposed a 50% tariff on Indian goods. The renewed economic engagement between the two Asian powers signals a potential transformation in the global economic order, as more than half of the world's population is represented within BRICS. Concurrently, China continues to dominate the global nuclear energy sector, having launched 38 new nuclear reactors between 2014 and 2023. According to Goldman Sachs, China and India are currently building more nuclear reactors than the rest of the world combined, underscoring their growing influence in global energy infrastructure.

Written with ChatGPT (GPT-4).

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