"Not many netizens are rational economists, but chatter on the Internet does sometimes display a viewpoint that may circulate within Chinese society and influence investors," the article said.Then the article said that some Indians also likely see Chinese production in India as polluting and as a move to send its outdated capacity abroad at a time when China's manufacturing sectors are battling overcapacity. "There have been some obstacles restricting Chinese enterprises' access into India, where some people worry that boosting India-China production capacity ties may also bring heavy polluting production into the country," according to the article.These concerns, though, are unfounded, the state-run Chinese news outlet said. "The venture plant in India will transform CRRC from a company that exports equipment to one that exports advanced production technology that includes more clean and green methods. Further, this move will boost India's rail system and drive tax revenue for the local economy," Global Times wrote.The article further said that a considerable part of China's excess production capacity "could be conductive in boosting the local economy" if they can be transported to India. "A large number of Chinese manufacturers have acquired far more advanced technology than some local Indian firms despite those Chinese enterprises suffered problems of overcapacity domestically," it said.Therefore, "India may want to consider offering more opportunities for Chinese manufacturers", Global Times concluded.

Source: Times of India August 22, 2016 06:45 UTC