Indians have started slowly but surely started boycotting Chinese goods. Confederation of All India Traders (or CAIT) reports that sale of Chinese products is expected to decline by 30 per cent this Diwali. Sardar Bazar in Delhi, India’s largest wholesale market, traders have noted that Chinese goods sales are dropping by at least 20 percent, and in some other cities and markets by over 40%. While the mutual trade between India and China has been growing rapidly, India’s imports from China are nearly 40 times larger than China’s imports from India. China has noticed these trends, and now China has issue an threat which is these trends if continue would negatively impact the India-bound investments from its enterprises and also the bilateral cooperation between the two countries. But do we really care?
- 29 Oct 2016
China sells to India Rs. 400,000 crores of goods each year while India sells only a fifth of that or Rs. 80,000 crores to China. China supports Pakistan, a country that supports terrorist activities openly, has blocked our NSG membership, there are diplomatic disputes in the United Nations and other places, regularly infiltrates in India to test or attempt to push its borders and so many things. Now the Gujarat Chamber of Commerce and Industry (GCCI), has appealed to people to boycott Chinese products, and several individuals are doing it by choice. Should all Indians and businesses pool together and start to boycott Chinese goods to reduce imports and to teach China a lesson. This could hit them even harder as China is in the midst of a business downturn?
Source: Daily Pioneer
- 23 Oct 2016