China rubbishes report that it gave $ 20 billion loan for India to quit Doklam

Observers pointed out that the leak of such news is aimed at portraying China as a stronger economic power.

China's defence ministry has rubbished reports that India entered into a truce on the Doklam standoff after it was promised a lona of 20 billion US dollars. The social media was abuzz with news that China had offered India a loan as a result of which it calmed tempers at Doklam.

It is pure fabrication, China's defence ministry said while replying to a question. Defence ministry spokesman Ren Guoqiang, replying to a question, said, "On your question about China providing loans to India to withdraw troops, we have checked with the relevant authorities of the government and such reports are pure fabrication."

Observers pointed out that the leak of such news is aimed at portraying China as a stronger economic power. This is just another tactic of trying to show that China is financially stronger than India and the resolution at Doklam was a purchased deal, observers also stated.

The Doklam standoff came to an end earlier this week after both sides decided to disengage forces.

The tense standoff which last nearly 3 months had put both sides in a spot of bother. It was important that the standoff came to end considering the upcoming BRICS summit in China in which Prime Minister Narendra Modi is taking part.

OneIndia News