China warns of impact on India-bound investments from boycott

China also asserted that any such boycott would not have much impact on its exports, but "without proper substitutes, the biggest losers of the boycott of Chinese goods will be Indian traders and consumers".

By: PTI | New Delhi | Updated: October 27, 2016 8:53 pm
Chinese goods, chinese products, ban chinese products, China goods boycott, Chinese goods ban, Chinese goods boycott, latest news, china, Bajrang Dal supporters burn Chinese goods in Kolkata on Tuesday. (Express Photo by Subham Dutta)

Amid calls from some quarters for boycott of Chinese goods in ongoing Diwali season, China on Thursday said any such move will negatively impact the India-bound investments from its enterprises and also the bilateral cooperation between the two countries. China also asserted that any such boycott would not have much impact on its exports, but “without proper substitutes, the biggest losers of the boycott of Chinese goods will be Indian traders and consumers”.

In a statement issued here, the Chinese embassy said China is the world’s largest trading nation in goods, with its exports in 2015 amounted to USD 2276.5 billion. “The exports to India accounted for only 2 per cent of China’s total exports and India’s boycott of Chinese goods will not have much impact on China’s exports. “China is more concerned that the boycott will negatively affect Chinese enterprises to invest in India and the bilateral cooperation, which both Chinese and Indian people are not willing to see.”

Amid rising tension in Indo-Pak ties, there have been calls from some fringe entities, including through social media platforms, about boycott of Chinese goods to protest against China’s support to Pakistan. Apex traders body CAIT (Confederation of All India Traders) recently said the sale of Chinese products may decline by 30 per cent this Diwali.

India is a big market for Chinese products and over the years import of toys, furniture, building hardware, crackers, lighting and electric fittings, furnishing fabric, office stationary, electronic appliances, consumer electronics, kitchen equipment & appliances, gift items, watches etc from China has increased to a great extent.

Chinese products are generally low-priced which is the root cause of infiltration of Chinese goods in the Indian market, CAIT had said. In its statement, Chinese embassy referred to reports that local sellers in Sadar Bazaar, the largest wholesale market of household items in India, have complained about their Chinese goods sale dropping by at least 20 per cent.

“The boycott effect will not limit to Diwali related products, but extended to other Chinese products that are not related to the festival. In the long-run, boycott will not only hurt Chinese goods sale, but also cause negative effects to consumers in India,” it said.

The Embassy further said China-India trade cooperation has deepened over the years and the bilateral trade has grown 24 times in 15 years, from USD 2.9 billion in 2000 to USD 71.6 billion in 2015. “China has become India’s largest trading partner, source of imports and fourth largest export market. Moreover, India is the China’s largest trading partner in South Asia and ninth largest export market in the world,” it said.

According to the statement, the distinct features of China-India trade are mutual benefits and growing inter- dependence, which contributes to the full use of factors of production and maximization of the benefits to all the people. “In 2015, China has imported 2 billion dollars worth of cotton and more than 100 million dollars worth of black tea from India, bring benefits to 1.2 million cotton growers and 50000 tea farmers and sellers in India.

“Moreover, 60-70 per cent of Indian APIs for its pharmaceutical industry are from China. China has played an important role in Indian pharmaceutical industry’s march to EU and America market. “China also exported a lot of electronic and household products which are attractive both in price and quality. Chinese products not only lowered India’s inflation rate, but also fulfilled Indian ordinary people, especially the low- income people’s daily needs, greatly improved their life quality.”

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First Published on: October 27, 2016 7:48 pm
  1. C
    Chander Pal
    Oct 27, 2016 at 11:24 pm
    Nehru was fascinated with china and that costed us the humiliation of 1962. Later china has started inflating Pak. Blocking NSG membership and ban on Pak terror group to our disadvantage have been their rude diplomacy. We have got to find ways to block Chinese goods more.
    Reply
    1. M
      Mentally.re.tarded.brahmin.bhakt
      Oct 27, 2016 at 3:44 pm
      Modiji should not recognize China and as part of the g plan for AKAND BHARAT SHOULD INCLUDE ENTIRE CHINA TOO.
      Reply
      1. P
        Prateik
        Oct 27, 2016 at 3:42 pm
        Lots of mentally degraded by birth brahmin dogs barking against the country where the instrument that they use to type comments were manufactured!
        Reply
        1. B
          Babu
          Oct 28, 2016 at 1:24 am
          Chainees shuld don't rs 10 caror for gau sena
          Reply
          1. K
            Krishna Bhagawan
            Oct 27, 2016 at 10:43 pm
            KhaDi movement was established to promote economic boycott of the British. AND was successful. That was then when india was very weak, why can't china be boycotted now
            Reply
            1. M
              MyTake
              Oct 27, 2016 at 6:14 pm
              If China does not behave India has the right to address the issue from its side although all the Hindian pandits have made India weaker over the years!
              Reply
              1. R
                Romik
                Oct 27, 2016 at 10:57 pm
                Block China and its company Wal-Mart
                Reply
                1. S
                  Saurabh
                  Oct 27, 2016 at 6:05 pm
                  When you buy rupees 10k China phone then you become Anti-National, but when BJP government buys 3000cr sardar patel status from China then it is called Nationalism. What a hypocrisy...
                  Reply
                  1. S
                    Saurabh
                    Oct 28, 2016 at 4:26 am
                    Every Indian will only buy from Indian industries in established India if government shows guts to boycott Chinese cheap goods.
                    Reply
                    1. S
                      SubbuI
                      Oct 28, 2016 at 12:56 pm
                      IF BJP REALY WANTS TO STOP USAGE OF CHINEESE PRODUCT THEY SHOULD CUT THE SUPPLY CHAIN AND SIEGE ALL PRODUCT.BUT GOVT WILL NOT DO IT BECAUCE ALL STAKE HOLDERS ARE GUJJU BUSSINESS MEN WELL CONNECTED TO BIG BOSS KALNAYAK SHAH.JUMLA HAI BAI JUMLA!
                      Reply
                      1. S
                        SubbuI
                        Oct 28, 2016 at 5:49 am
                        CHINA IS A TOO BIG JAINT TO TAKE PANGA OPENLY. THEIR EXPORT TO INDIA INCLUDING API PRODUCTS ARE MEARLY 2% OF THEIR TOTAL EXPORTS. WHICH THEY CAN TAKE CHANCE. BUT FOR US THE BULK MADICINES(API) AND BULK CONSUMABLES ARE COST EFFECTIVE AND REASONABELY ACCEPTABLE QUALITY. THESE RSS SANGHIS AND FRAUDS LIKE RAM DEV BABA HAVE MOTVE BEHIND OPPOSING CHINEESE GOODS WITH NALAYAK N MODI BACKING WHICH IS MERE JINGOISM AND NEO NATIONALISM PROBA .NALAYAK NMODI IS DOING EVERY THING UN WARENTED AND REACTIONARY. INSTEAD OF ASKING PEOPLE ( MAN KI BAATH) TO WISH OUR JAWANS HAPPY DIWALI WHIS IS A FOUG KI I WHICH IS UNWARRENTED, NALAYAK MODI MUST SHIFT ALL HIS ATTENTION AND STATEMANSHIP TO SOLVE TODAY'S KASHMIR PARISTHITHI ( NOT TO TAKE SHELTER ON NEHRU 1947 KASHMIR ACCORD) 100DAYS CURFEW. 100 DEATHS. 500 BLINDINGS AND THOSANDS INJURED. IN ADDITION 20 SCHOOLS BURNT LASTLY.WHAT THIS NALAYAK THINKS THINGS WILL SETTLE ON HIS OWN. NO. A LIMB GET AMPUTED WHEN WOUND BECOMES GANGRENE
                        Reply
                        1. A
                          Abhishek Ghosh
                          Oct 28, 2016 at 8:12 am
                          Ban Chinese products and refuse entry to Chinese pport holders. Then they will understand.
                          Reply
                          1. S
                            sanjeev
                            Oct 27, 2016 at 2:53 pm
                            It is interesting to know that China is concerned about boycott. If exports to India is just 2% then why such thinking from their side? How come they are worried about ordinary Indians and inflation in India? Difficult to digest this reaction when they are all weather friends of our enemy country.
                            Reply
                            1. S
                              sanjeev
                              Oct 27, 2016 at 3:55 pm
                              It is interesting to know that China is concerned about boycott. If exports to India is just 2% then why such thinking from their side? How come they are worried about ordinary Indians and inflation in India? Difficult to digest this reaction when they are all weather friends of our neighbouring country
                              Reply
                              1. H
                                Hard Talk
                                Oct 28, 2016 at 7:46 am
                                Nationalism being propagated by certain sections has brought only India and Modi govt. to present impe. Ban on beef, cow slaughter, Pak people taking part in Indian Film Industry, Chinese products must have put government too in Dilemma. Minorities are not seen trustworthy. Modi himself did not help the cause by mention to Balochistan and exaggerating surgical strikes.
                                Reply
                                1. A
                                  Ajay
                                  Oct 27, 2016 at 2:42 pm
                                  India needs infrastructure to compete against Chinese goods. In my opinion, boycotting goods without any alternatives cannot be a long term stand. If China is so concerned about the bilateral relations, why it is openly supporting those terrorist groups who are targeting India. Most importantly trade deficit with China does not make sense, when India needs to employ its large workforce . If China wants to invest in India, it should also support India's stand against stani terror.
                                  Reply
                                  1. V
                                    Virendra Sason
                                    Oct 28, 2016 at 11:01 am
                                    Can India compete with China in term with quality and rate? If so, good. If not, who will suffer? Poor public.
                                    Reply
                                    1. T
                                      T S
                                      Oct 28, 2016 at 6:40 am
                                      CHINESE GOODS ARE SECOND QUALITY ITEMS BECAUSE CHINESE GOODS CAN NOT BE REPAIRED, USE AND THROUGH. BUT WHEREAS INDIAN GOODS ARE REPAIRABLE AND SPARE PARTS ALSO AVAILABLE. CHINA GOODS ARE ESPECIALLY ELECTRICAL SO DELICATE.
                                      Reply
                                      1. T
                                        T S
                                        Oct 28, 2016 at 6:42 am
                                        WHATEVER CHINA AND STAN SAYING IS NOT TRUE.
                                        Reply
                                        1. A
                                          Anchal Goyal
                                          Oct 28, 2016 at 10:24 am
                                          China's botheration and panic, as seen by its articles in Global Times and official statements.China knows that its not about 2% market share that it may loose.Its actually the fear of a manufacturing compeor that may arrise as INDIA.When no chinese goods are imported, products will remain costlier for only a few years.After 3-4 years we will be cost effective.These are the greater fears thar China have, but more it takes the aggressive way, more its fear will come true, as being an Indian no more means a "compromiser"..
                                          Reply
                                          1. A
                                            ASBHASKAR
                                            Oct 27, 2016 at 7:20 pm
                                            Quit India Movement by hi. Results are out 65 years ago. Is China in a stronger position than UK. If yes than look at UK now and choose the path.
                                            Reply
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