NEW DELHI: Amid talks about boycott of Chinese goods in India, China on Thursday warned India that such a boycott would not just affect Chinese investments in India but also bilateral cooperation between the two countries.
In a statement, the Chinese embassy here said India's boycott of Chinese goods will not have much impact on China as India accounted for only 2% of all Chinese exports in 2015 which were worth $2,276.5 billion. "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," said the statement.
The Chinese statement was made in the context of media reports that local sellers in Sadar Bazaar, the largest wholesale market of household items in India, had complained about sale of Chinese goods dropping by 20%.
It took note of the fact that the boycott would not be limited to Diwali related products, but also extend to other Chinese products that are not related to the festival.
"Without proper substitutes, the biggest losers of the boycott of Chinese goods will be Indian traders and consumers," said the statement.The statement recalled how China-India trade cooperation had deepened over the years and how bilateral trade had grown 24 times in 15 years, from $2.9 billion in 2000 to $71.6 billion in 2015. China has become India's largest trading partner, source of imports and fourth largest export market. India is also China's largest trading partner in South Asia and ninth largest export market in world.
7 hours ago
Fair Trade is healthy.
But if a country is using Global Trade to help their economy and hurt/damage other nation then it is BAD.
They artificially lower the price by devaluing their currency etc. can not & should not be tolerated
This should be basis for the trade for all countries.
6 hours ago
poor chinease hahahaha. ..... It must be banned as they produce low quality........!!!
India - 3 hours ago
PLEASE is a word you don''t find not in the Chinese dictionary, They think they own the world....bloody bullies.....
Chennai - 4 hours ago
2℅ of 2300 billion is a whopping 45, Billion US $. If India can manage to zero it, it means 45B will be available for Indian companies. This itself will help 100s of companies to not only survive, but also develop methods to make products as cheap as China. Also 45B can give employment to lakhs of people in India.....which means lakhs of people in China will get unemployed....which is what China is bothered about....hence the threat.
All of us must ensure NOT buying Chinese products - if we can help it.
4 hours ago
As if you are not hurting earlier ! Boycott should continue. Hell with their threat
4 hours ago
Lets avoid buying their products in US too.
7 hours ago
Wht bilateral co operation. When did these chinkies cooperate with India. Go to hell.
Born In January
No Nonsence - A Place Called Hell - 6 hours ago
exactly... These Chinese Yellow Monkeys would lean a lesson now...
Born In January - The Real World - 2 hours ago
Come on man. They are humans too. Sure they are enemies but calling them monkeys doesn''t help.
Atlanta - 5 hours ago
China is afraid if other countries will start following India''s initiative to boycott their product.
I urge Indians to try to avoid Chinese product as much as possible. Try to purchase Indian products. If Indian product doesn''t suit your need then purchase products made in usa/japan/vietnam or any ally country of India.
If none of the above works then only think of Chinese product. This is how I am shopping