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China dashes $100-bn hope, to invest $20 bn over 5 years

Amid border tension, says LAC issue to be fast-tracked; 12 pacts inked on Day 2 of Xi visit

President Pranab Mukherjee, Chinese President Xi Jinping and Prime Minister Narendra Modi and Xi's wife Peng Liyuan during a ceremonial reception at Rashtrapati Bhawan in New Delhi

The expectation of a $100-billion Chinese investment in India got reduced on Thursday as the country committed itself to investing only $20 billion here over five years. The issue of border tension between India and China also came up during Chinese President Xi Jinping’s meeting with Prime Minister Narendra Modi, on the second day of the former’s maiden visit to the country. Modi, though, did not harp much on the issue of defining the line of actual control (LAC) and incursions as strongly as was expected, a top official in the know of what transpired behind closed doors ...