well, congratulations!China slams ADB over India funding - Yahoo! News
China slams ADB over India funding
BEIJING (AFP) – China angrily denounced Thursday the approval by the Asian Development Bank of a 2.9-billion-dollar funding plan for India, saying the scheme encroached on a territorial dispute between the Asian giants.
"The Asian Development Bank, regardless of the major concerns of China, approved the India Country Partnership strategy which involves the territorial dispute between China and India," foreign ministry spokesman Qin Gang said, referring to a largely uninhabitable Himalayan region.
"China expresses its strong dissatisfaction over this... The bank's move not only seriously tarnishes its own name, but also undermines the interests of its members."
A bank spokeswoman confirmed to AFP that the plan had won "broad support" from the board of directors during a Monday meeting, but insisted it was not taking sides in the territorial dispute, only seeking to push forward its poverty alleviation efforts.
"ADB takes no position on territorial disputes between its members," ADB spokeswoman Ann Quon told AFP in an email.
"ADB will issue suitable guidelines for its staff on dealing with proposed activities in disputed areas."
According to India's Economic Times, the 2.9-billion-dollar package for India covers the whole country for the period from 2009 to 2012.
However, it says, China is particularly concerned about a 60-million-dollar watershed protection project in the Arunachal Pradesh region, where much of China and India's territorial dispute is centred.
India says China occupies 38,000 square kilometres (14,700 square miles) of its Himalayan territory, while Beijing claims the whole of the northeastern Indian state of Arunachal Pradesh, which is 90,000 square kilometres.
The two countries fought a brief but bloody border war in 1962, and are yet to resolve the border dispute.
"The Asian Development Bank as a regional development institution should not interfere in the political affairs of the members," China's spokesman Qin said.
"The Chinese government strongly urges the Asian Development Bank to take effective measures to eliminate the negative impact of this move."
The ADB's Quon said: "ADB's Charter mandates that ADB shall not interfere in the political affairs of any member and that only economic considerations shall be relevant to its decision."
I don't think it can be said clearly that it was pushed entirely by Indian efforts. A LOT of self-interests could be served by this loan.koji the point is why did the japanese and the americans come to push this loan. they did not do it for fun sake, did they, and it was not as if they woke up one morning and felt that they should push if, if it had not been for the indian diplomatic efforts we would have not seen this day. face can be anyone but the efforts put in were very clearly put in by the indians themselves.
well mate as you used the term dependence i think that answered a lot of questions in it self, international diplomacy is all about give and take and yes just as there are self interests for the usa and japan same way there are a lot of self interests of india that get addressed as well, and quite clearly india's self interests getting addressed by this loan is not just one off case, such things keep happening on a lot of grounds on a lot of issues and in bargain others also look for benefits then where is the problem because no one will address others interests till the time our own interests are well taken care off even while addressing others interests.I don't think it can be said clearly that it was pushed entirely by Indian efforts. A LOT of self-interests could be served by this loan.
Do you know why IMF and WB often accuse CHina of "non-conditional loans and aid" to African countries?looks like Chinese have no influence in many places they think they do like ADB and even in the IMF, USA listens to china but it goes in one ear and out the other.
african are well known not to return back their loans....hahahaChinese are donating to Africa with the sole intention of looting it's resources same reason it is arming the different factions, if Chinese are donating and not getting their way i am sure chinese would not continue donating.
Give me a break. "A wake up call to the free world of the future Chinese threat"? This statement doesn't make sense when most countries are actively trying to have closer ties with China.this loan really didn't matter since the Indian govt were going to do the projects from other funds but it became a matter of principle, and a wake up call to the free world of the future Chinese threat.
It was not the substance of the decision,but the principle that mattered here,great news indeed.Asian Development Bank has approved 2.9-billion-dollar funding plan for India,..
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