DPG China Monitor

China Monitor

The monitor features developments related to China during the month and is compiled by our research team of Brig. Arun Sahgal (Retd.), Ph.D., Senior Fellow, Angana Guha Roy, Ph.D., and Sanket Joshi, Research Associates, from open-source reports and publications.

India and China held the 21st Corps Commander Level Meeting on February 19, 2024. India sought complete disengagement in the remaining areas along the LAC in Eastern Ladakh as an essential basis for the restoration of peace and tranquility in border areas. China, on its part, maintained that the situation along the India-China border remains “stable” and called upon the two sides to “enhance mutual trust” and “properly settle differences”.

On February 10, 2024, India’s Home Minister, Amit Shah, in a statement to Parliament, said that China had attempted a repeat of the 1962 war through its incursion in Ladakh, and that “India did not lose any territory” in the present standoff. Meanwhile, on February 23, 2024, External Affairs Minister, Dr. S. Jaishankar, stressed the importance of achieving and maintaining “equilibrium” in India-China relations, noting that India's strong military posture at the LAC was central to that equilibrium. Dr. Jaishankar described the rise of India and China as a “significant” development in the global geopolitical scenario.

On February 17, 2024, China’s Foreign Minister, Wang Yi, addressing the 60th Munich Security Conference held in Germany, asserted that China would remain “a staunch force for stability in a turbulent world” despite increasing protectionism, abuse of the economic security concept, unilateralism, and bloc politics.

Continuing high-level US-China engagements, Foreign Minister Wang Yi and Secretary of State Antony Blinken met on February 16, 2024, on the sidelines of the Munich Security Conference. Wang Yi reiterated that the US should view China's development rationally and adhere to the principles of mutual respect, peaceful coexistence, and win-win cooperation to accomplish the “San Francisco vision”. On the issue of Taiwan, Wang Yi said that to maintain stability, the US should adhere to the one-China principle and refrain from supporting Taiwan's independence. 

Tensions between China and the Philippines persisted. On February 19, 2024, the US and the Philippines carried out a joint air patrol in the South China Sea.

In the wake of reports that China’s inbound foreign direct investment (FDI) fell in 2023 to its lowest level in 30 years, Premier Li Qiang called upon the State Council to stabilise foreign investment and reduce the risks associated with debt.

To read this China Monitor, Vol. VII, Issue 2, please see the PDF attached.