Financial Daily from THE HINDU group of publications
Monday, May 17, 2004
Financial Daily from THE HINDU group of publications Monday, May 17, 2004 |
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Opinion
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Letters Definitional differences
This is with reference to "The Definitional Differences" (Business Line, May 15). The FDI data released by China is considered to be so spurious, that a World Bank loan to revise and reappraise the data collection and publication activities of China, was sanctioned. Besides, China still embarks upon funds from round- tripping activities, which are nothing but surreptitious and underhand methods of doing business, which is given a legal status, when published as FDI data. This has to be stopped for two reasons: The international community must no longer give a legal sanction to such illegal activities (like round- tripping) and This inordinately puffs up the FDI data of China, thus making it the flamboyant destination for FDI, often costing India its share of global FDI. G.Narasimha Raghavan Chennai
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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