Trade war looms between India-China after 93 Chinese products attract anti-dumping duties: Chinese media

Urging  the Chinese companies to think about the risks of investment in India, the news report warned India to start preparing to face the possible consequences for its 'ill-considered action'.

By: Express Web Desk | New Delhi | Updated: August 14, 2017 4:44 pm
chinese products, India-China, India-China trade, Doklam standoff, sikkim standoff, China, Ban on chinese products, The report also said that China could easily retaliate by putting restrictions on products from India, but it doesn’t make much economic sense for the country. (Source: Reuters)

Amid the Doklam standoff, a trade war appears to be looming between India and China after New Delhi last week imposed anti-dumping duties on 93 Chinese products, according to Chinese newspaper The Global Times. Urging the Chinese companies to think twice about the risks involved before making investments in India, the news report warned India to be prepared to face the consequences for its ‘ill-considered action’.

The report also said that China could easily retaliate by putting restrictions on imports from India, but it doesn’t make much economic sense for the country. It said, “If India really starts a trade war with China, of course China’s economic interests will be hurt, but there will also be consequences for India.”

Quoting statistics from China’s Ministry of Commerce, the article said that in the first half of 2017, India has initiated 12 probes into Chinese products.

The Global Times also cited figures from the Indian embassy in China to show that Indian exports fell by 12.3 per cent year-on-year to $11.75 billion, while India’s imports from China rose by 2 per cent to $59 billion, resulting in a trade deficit of $ 47 billion.

However, according to the Indian Commerce Ministry, the trade deficit with China mounted to over $52 billion in 2016 when the bilateral trade stood at $70 billion.

At least 350 Indian army personnel positioned at the India-China-Bhutan tri-junction in Doklam since June 16, when they stopped Chinese troops from constructing a road near the disputed region. Both Bhutan and China have competing claims over the region.

Another China Daily reported that boycotting Chinese goods would be harmful for India. The article said, “Suffice to say, calling for the boycotting of Chinese products and those related to Chinese investors is not just a fool’s errand but also risks backfiring.”

Warning India, the report also said that any attempt by India to shut down Chinese cellphones companies or other factories will badly affect economy of India and will cost Indian jobs as well.

(With inputs from PTI)

For all the latest India News, download Indian Express App

  1. Ramesh Deshmukh
    Mar 6, 2018 at 11:31 am
    India has correctly put anti dumping duties on 93 items being imported from China . It is a fact that a trade war between India and China has started . A trade war between US and China has also started . India must not bother about Chinese companies investing in India . There are many other nations like Japan , South Korea and Taiwan etc. which should be encouraged to invest in India .
    1. I
      Aug 26, 2017 at 3:39 pm
      North Korea problem for US, Pakistan problem for India, China (best friend of Pak and N.K) Problem for the whole world or rather Humanity
      1. S
        SK Gupta
        Aug 18, 2017 at 6:01 am
        The US is pushing India into a confrontation with the Chinese. As usual the Anglo-Saxons want 3rd countries to shed their blood for them, and also pay for it. The first move was to ask the Dalai Lama to come to India in 1959, when India and China had become very close friends. The US knew that one day China n India will be the two biggest nations, due to their high population and scope for economic growth. China is about to overtake the US as the World's greatest military n economic power. The US wants to foil this, by hook or by Crook. So for the past ten years they have penetrated into every part of Indian life, and have manipulated to get India into conflict with China! We need to Open our eyes and not allow ourselves to be manipulated!!
        1. Ramesh Deshmukh
          Mar 6, 2018 at 11:40 am
          You are wrong ! India has joined an alliance against China not because the US. asked us to do so . It is because of the blatant anti - India policis of China that India is compelled to join the "Quadrilateral Alliance " against China . q
        2. B
          Aug 17, 2017 at 1:55 am
          China ist the only country in the world that lays claims to territories based on imperial maps of the Middle ages. If every past empire decides to do the same then China will belong to Mon a or Japan, Half of Europe to Rome, Half the world to The British and so on. The chinese does not have any borders with India. India borders Tibet which China claims as its own even though it was just a protector country for Tibet just as Bhutan is for India. IN the name of economic development Chinese trawler are filtering African coast for fish and supplying it to Europe. Chinese like to grab and steal WHAT DOES NOT BELONG TO THEMwhether it is land, technology, patents or otherwise.A Disgrace. They have an ego problem which they need to address.
          1. M
            Mr Lee
            Aug 16, 2017 at 4:20 pm
            Oh. The percent signs in my previous comment are cut off! The numbers in my comment were meant to be percentages
            1. Load More Comments