A step closer towards being a “Superpower”: China and the Asian Infrastructure Investment Bank

By Sudipta Purkayastha, Gujarat National Law University.

When one talks of financial prowess in the international arena, could it ever be possible to not think instantly of the Asia of this new era? With the West having dominated this field till the very recent past, the Asian countries are now formally contending for the top spot with the creation of their very own Bretton Woods. (more…)

The New Development Bank: An Analysis

By Piyush Jain, Rajiv Gandhi National University of Law, Punjab.

The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa) as an alternative to the existing US-dominated World Bank and International Monetary Fund. The bank is set up to foster greater financial and development cooperation among the five emerging markets. The New Development Bank was agreed to by BRICS leaders at the 5th BRICS summit held in Durban, South Africa on 27 March 2013. (more…)

India-China Relations: A Study

By Deepti Purwar, Law College Dehradun.

The bilateral relations between People’s Republic of China and Republic of India are known as China-India relations or Sino-India relations. The relationship traces back to more than 2000 years. The modern relationship between India and China began in 1950 when India ended formal ties with Republic of China(Taiwan) and recognized People’s republic of China(PRC) as the legitimate government of China. China and India are the most populous countries and fastest growing major economies in the world. The Silk route was a major trade route between India and China. Thus, economic relations have been enhancing between them since ages. The Silk route also helped in the spread of Buddhism from India to East Asia thereby creating culture relations between the two countries. (more…)

Spotlight on the Asian Giants

By Shreya Sushil, Government Law College, Mumbai.

This, definitely can we say, calls for a fresh beginning between India and China! From strained ties to signing of 24 propitious Agreements, rays of mutual consent towards amiable neighbourhood are quite vibrant. The critics may perceive these agreements as some mere treaties on papers, the accomplishment of which is travelling in dim light. (more…)