China to invest $20B in India over next 5 years

Chinese President Xi Jinping, left, met with Indian Prime Minister Narendra Modi in New Delhi on Thursday. © AP

SATOSHI IWAKI, Nikkei staff writer

NEW DELHI -- Chinese President Xi Jinping announced Thursday that his country will invest $20 billion in India over the next five years as part of an economic package designed to deepen bilateral ties and counter U.S. and Japanese influence on the subcontinent. Xi and Indian Prime Minister Naren...