China slams India's move to scrutinise FDI, calls it discriminatory

New Delhi effectively closed on Saturday the "automatic route" of investing for Chinese firms and individuals.

China has protested India's new changes to the Foreign Direct Investment (FDI) policy that mandate government approval for all investments by neighbouring countries, including China.

Two days back, New Delhi effectively closed the 'automatic route' of investing for Chinese firms and individuals. An increasing amount of funds had recently started to flow into the start-up, e-commerce and digital sectors in recent years through the route.

But on Monday, China retorted that this will make investments difficult. "As of December 2019, China’s cumulative investment in India has exceeded eight billion US dollars, far more than the total investments of India’s other