The visit of Barack Obama to India is interesting partly for what is not being said. For understandable reasons, Obama is keen to emphasise trade and jobs. The relaxation of America’s export controls regime is significant because both China and India complain that the Americans moan about their lack of exports to Asia – and then promptly ban the sales of much of the hi-tech stuff that the Indians and Chinese might be interested in buying, on security grounds.
However, I suspect that the Americans will be much warier of relaxing export restrictions when it comes to China itself. And that comes down to the unstated sub-text of this Obama trip – the shared concerns that India and the US have about the rise of China. Read more >>