THE ECONOMIC BASIS OF INVESTMENT COOPERATION BITWEEN THE PRC AND INDIA AS A POTENTIAL PARTNER IN THE IMPLEMENTATION OF THE ONE BELT, ONE ROAD INITIATIVE

Abstract

The authors show China’s desire to create a new type of Sinocentric globalization thanks to effective cooperation, coordination and solidarity, the principles of true multilateralism and the rule of law, the use of China’s wealth and industrial know-how, and the attraction of countries and companies into the Chinese orbit. It is argued that the significant improvement of the internal potential of the PRC characterizes the readiness of its powerful economic base for the formation of international bilateral and multilateral relations and the development of promising partnership relations between the PRC and other selected countries in the vector of investments in infrastructure and economic projects, which in general should ensure a closer connection connection with the countries of Asia and Europe and will contribute to the implementation of China’s external strategy of openness of a new type, as well as the sustainable development of transport and global transport infrastructure. “One Belt, One Road” is the largest geo-economic project in the history of mankind, aimed at creating and strengthening multinational ties, increasing the intensity of economic, cultural and political exchanges. Thanks to gigantic investment investments until 2049 (the 100th anniversary of the founding of the People’s Republic of China), with the support of the BRICS New Development Bank, the South-South Cooperation Promotion Fund, AIIB and the Silk Road Fund, the project should lead to the consolidation of the vast European-Asian space and parts of Africa (65 countries), in which more than 4 billion people live. The article focuses on the Initiative Project of the People’s Republic of China “One Belt, One Road” in terms of the importance of participation and partnership support of countries on this route, especially large countries such as India. It has been demonstrated that although the One Belt One Road Project aims to create a new model of cooperation in the promising partnership relations of China and India, the ambitions of the South Asian region are a “challenge” for both states. Based on the analytical evaluations of interstate relations between the PRC and India in different periods with a fairly wide range of development from cooperation to competition and even confrontation, the authors state that national strategic trends create various challenges for Sino-Indian relations. That is why the authors focused attention on the dual nature of the relations between these two countries and revealed, on the one hand, the development of friendly relations of cooperation, on the other hand, the presence and growth of geostrategic competition between China and India, which is likely to influence the formation of an adequate economic basis for investment cooperation of the People’s Republic of China with India as a potential partner in the implementation of the “One Belt, One Road” initiative, as well as on the project deployment scenario itself.