Modi’s demonetisation could end up as ‘joke’: Chinese media

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Chinese official media has commented on Narendra Modi’s masterstroke to fight black money in India saying, it could be reduced to a “nasty partisan conspiracy” or “a costly practical joke” if it fails to deliver what it has promised to.

“While it takes political courage to launch such a trailblazing and massive campaign; it actually takes far more wisdom to give it a happy ending,” an article in the state-run Global Times said.

“Given the fact that people have to pay an absurdly high price for the expected reform, if BJP fails to deliver its high-sounding rhetoric and promises, then Modi’s much-lauded ‘masterstroke’ or ‘big bang reform’ will likely be reduced to ‘nasty partisan conspiracy’ and even a ‘costly political joke’,” it added.

The article also noted that, “If Modi fails to supplement the blitzkrieg reform with more enduring and fundamental measures, any beneficial effects the reform has created may evaporate quickly, even if Indian people have paid an absurdly high social and economic price so far.”

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