Among Delhi policy circles, the dominant response to Xi Jinping's recent India visit was one of disappointment. Dissatisfaction at Chinese military provocations along the Indian border was certainly understandable. Disappointment at the 20 billion dollars of investment that Xi announced...
...however, seems harder to justify.True, the figure is substantially less than many had expected. In the run up to the visit, Indian media speculated that Xi might announce a figure of 100 or even 200 billion US dollars. These expectations were stoked by the speculative and apparently ill-informed comments of China's Consul General in Mumbai, Liu Youfa, that China would invest as much as 100 billion dollars. Dissatisfaction at the actual number was certainly acute. The Times of India's headline writers complained that the figure was "much less than Japan's offer of $35 billion." More effusively, The Business Standard led with, "China dashes $100-bn hope." Firstpost went simply with "Gypped by Xi."