Boycott On Chinese Product

Posted on 12th Jun 2020 by rohit kumar

Today, if the order to make the statue of Sardar Patel was given to China, then probably a large number of citizens in the country disliked it. Everyone knows the reason. Had there not been Chinese intrusion on the Indian part of Pangong Lake in Ladakh, no one would have dared to paint in the gulls and the business of Gulshan would have continued. People who are creating an atmosphere like the war against Chinese goods in the whole country feel that their economic back will be broken by the boycott of Chinese goods.

Such a concept of breaking the waist should have happened among the Chinese too, because the trumps have washed their hands behind them. In the Corona era, there is nothing that Chinese citizens are boycotting American products. In May 1905, the Chinese boycotted American goods. 115 years later, China is oriented towards multinationalism, I felt myself visiting the business district of Shanghai. In the propaganda of spreading corona, Chinese citizens were also attacked in American cities, but in China, American companies are doing safe business. Why is the new generation going away from the school of nationalism itself? Do not know. Walmart is a world-renowned company in Bentonville, Arkansas, US. The update as of April 30, 2020 shows that Walmart's 402 supercenters, and 436 retail units across China, were trading without interruption. There are many such examples. In 1979, only a hundred foreign companies invested in China. 40 years later, in 2019 more than three and a half million companies in the world had invested in the sugar industry trade.

Even if we give a strong push to China, neither we have factories ready for production nor skilled-unskilled labor. We will be engaged in the preparations for the welcome 2021 by the return of the migrant labor village-Dhani. Compare the management of India and Chinese factories in this Corona period. Like in India, the labor tota in production is not heard from anywhere. The All-China Federation of Trade Unions (ACFTU) is one of the world's leading labor organizations. Its 1.25 billion members do not let the supply chain of Chinese factories break down. The leaders of ACFTU are well-known to the multinational companies there. Labor curses them because of terrible exploitation and violation of labor law does not concern them. China cannot break the supply chain around the world, breaks its labor law if it breaks.

 

There are also challenges to image building for China at this time. The Commerce Ministry issued a decree to Chinese companies who were selling goods in the domestic markets and said that you should first get CE (China Export) Certificate, then do business. Earlier, only for exporting goods to Europe, Chinese companies required a 'CE' certificate. The mess was made by medical supply companies. Pick up masks and rapid test kits from a local manufacturer in China, supplying it to more than 30 countries in Europe, as well as Brazil, Peru, Colombia, and Africa to some 70 countries. Most manufacturing companies are located in Guangzhou, where Wondafo Biotech is the top-notch for this racket. For the first time, China has become notorious worldwide for its supply of poor goods. Despite this, Chinese masks are seen on crores of mouths of India. Those who have raised the voice of the boycott have also been covered by the Chinese mask.

 

Data for May 2020 show that by this period, China was exporting $ 206.8 billion. Its exports have decreased by 3.3 percent. In 2018, China was exporting goods worth $ 2.49 trillion to the whole world, but together with China $ 2.13 trillion was also imported by China. That is, China is also a market. More than 50 big companies in India are doing business there. Don't forget that China has only three percent business from India. It is only paperwork that the boycott of Chinese goods will break his back. Boycott But, tell me where to get 70 percent raw material to make medicine? India's pharmaceutical manufacturing companies import $ 2.4 billion worth of raw materials from China every year. These Indian companies make medicines from the same Chinese raw material and supply 24 percent in the United States and 26 percent in the European Union countries. Should think, if you boycott Chinese imports, then your supply chain will stop. Medication is just one item, the list of products ranging from hardware to the rest is quite long.

 

China is concerned about its 'business waist' by the 27-member European Union, which takes nine percent of total exports, and the US with 16.8 percent of exports. It is more concerned with Japan with 5.7 percent exports, 4.4 percent Chinese goods market, South Korea, Germany with $ 80 billion worth of Chinese goods. Five Nordic countries and 54 member African countries are on the priority list for China.

 

In the latter part of the year 2000, 32 big Chinese companies in India had set foot. In the same year, he formed the Chamber of Chinese Enterprises in India (CCEI). Later, the Indo-Chinese Chamber of Commerce and Industries (ICCCI) was established in Mumbai itself. If we look at the data from 2014 to December 2019, it is clear that Chinese FDI has increased five times in India. Foreign direct investment from China in India in December 2019 had crossed eight billion dollars. In the next two-three months, China was angry with the sudden break.

At that time, China had also said that contrary to international trade theory, the Modi government is presenting obstacles. President Xi suspected that all this happened at the behest of Trump. China's Five-G spectrum offer in India has also been placed on hold. Remember James Carwill's world-famous jumla, 'It is the economy stupid!' About what is happening in Ladakh's Pangong.