China goods boycott this Diwali will hit India bound investments

Amid tension in Indo-Pak ties, there have been calls to boycott Chinese goods to protest against China’s support to Pakistan.

By: Express News Service | Updated: October 28, 2016 1:37 am
Crackers light up Chandigarh. (Source: Express Photo by Kamleshwar Singh) Chinese fire crackers. (Source: Express Photo by Kamleshwar Singh)

Amid calls for boycott of Chinese goods in the ongoing Diwali season, China on Thursday said any such move will negatively impact India-bound investments from its enterprises and also the bilateral cooperation between the two countries.

China said that any such boycott would not have much impact on its exports, but “the biggest losers…will be Indian traders and consumers”. 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,” it said.

Amid tension in Indo-Pak ties, there have been calls to boycott Chinese goods to protest against China’s support to Pakistan.