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China Warns Of Impact On India Bound Investments From Boycott

Date 28-Oct-2016
Subject China Warns Of Impact On India Bound Investments From Boycott

NEW DELHI: Amid calls from some quarters for boycott of Chinese goods in ongoing Diwali season, China today 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. 

Source: Economictimes.indiatimes.com

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