India to retain investment curbs on border nations [Yahoo! Finance]
GREAT WALL MOTOR CO ADR (GWLLY)
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Source: Yahoo! Finance
Asian giants strained since a deadly border clash in 2020 that slowed exchanges of capital, technology and talent. "I cannot blindly receive foreign direct investment (FDI) because I want money for investment, forgetful or unmindful of where it is coming from," Nirmala Sitharaman told a gathering at the Wharton business school in the United States on Tuesday. The dispute led to stagnation in ties between the world's two most populous countries at a time of exploding demand for electric vehicles, semiconductors and artificial intelligence, key growth areas offering opportunities for co-operation. In 2020, India stepped up vetting and security clearances in its scrutiny of investments from companies based in neighbouring countries, but did not specifically mention any nations. The step, widely seen as aimed at staving off takeovers and investments by Chinese firms, effectively turned away billions of dollars from the likes of carmakers BYD and Great Wall Motor, while red tape en
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