Subramanian Swamy proposes India-China-US strategic tie up - Economic Times BEIJING: Janata Party President Subramanian Swamy today proposed an India-China-US trilateral strategic partnership to maintain international security in the new world order threatened among others by the rise of terrorism. Outlining the new global paradigm after the fall of the Soviet Union and the emergence of India and China with strong and stable polity backed by impressive macroeconomic fundamentals, Swamy said such a triangle would help US share the global strategic responsibility and consequent burden with India and China. He was addressing an international peace conference organised by Tsinghua university. The conference is backed the Chinese Foreign Ministry. "A new conceptual innovation to meet this new situation in the 21st century, I therefore propose here that to maintain international security, the strategic triangle (and ultimately a strategic triumvirate) of India, China and US, because of their sheer size and level of development, come into being", he said speaking on the subject of 'International Security in a Changing World: Innovation, Coordination & Development'. Swamy, who is a regular visitor to China and interacts closely with Chinese leaders, said that after the unraveling of the USSR in 1991, the spread of economic development based on adoption of a transparently regulated market system, the almost unfettered international trade and financial flows and internet the world today is in need of a new conceptual innovation to maintain international security. It is needed "especially since de-stabilisation of peace through cyber warfare and terror has come within the reach of even discontented informal groups. This is a new situation", he said. Swamy added that by current international standards, both China and India have impressive macroeconomic fundamentals such as a high trend growth rate in the range of 8 to 10 per cent per year, a relatively low sovereign debt levels, a foreign exchange reserve level exceeding 10 months of imports, and a declining headcount ratio of poverty. Thus, there is a need recognise a new paradigm emerging from these two new situations in the global power structure, he said. "The second factor that requires a new paradigm in partnership of nations, is the rise of religion--based terrorism dominated by radical religion-driven forces and which is facilitated by cyber technology, particularly computer websites, and internet banking. "Few nations today are unaffected by terrorism, and most often than not, it is radical Islam-driven variety, he said. Commenting on China-India relations, he said, "It is likely in the near-term therefore that whatever bilateral conflict there is between India and China, it will be more of a jockeying for economic and political influence in the South and Southeast Asian region and in the continent of Africa rather than in classical military confrontation that we saw in October 1962", he said.