China sees opportunity in disaster: Chinese suppliers increase prices of Covid-related goods by up to 5 times, cancel drug contracts


Posted on 13th May 2021 03:35 pm by rohit kumar

The second wave of Covid is going on in the country. To deal with this, India is buying goods from all over the world, but suppliers from neighboring countries are taking advantage of the opportunity in the disaster. Chinese suppliers have increased the prices of Covid containment goods by leaps and bounds. In Hong Kong, India's council general Priyanka Chauhan has protested in front of China over the price hike. Speaking to the Chinese newspaper South China Morning Post, Priyanka Chauhan said that India hopes that China will control the prices of the products in the fight against Covid-19.

 

The supply chain must be open

Priyanka said, "We hope that in such a situation the supply chain should remain open and the prices of products should remain stable." He said that there is some pressure on supply-demand right now. In such a situation, there should be some stability in the prices of the products. There should be a sense of support and efforts at the government level as well.

Did you know?Explore Trending and Topic pages for more stories like this.

 

Priyanka said, "I am not aware of how much influence the Chinese government can have in this case, but if they can do it, it is welcome."

 

Prices of Covid related goods reached the sky

Sources say that Chinese suppliers have skyrocketed the prices of Covid related items. For example- a 10-liter oxygen concentrator with an average price of $ 200 has reached $ 1000. Many suppliers are offering oxygen concentrators for $ 1200. In recent times, Chinese suppliers have arbitrarily canceled contracts. Many suppliers are offering 5 liters or 8-liter concentrators for a 10-liter concentrator. In 2020, the price of ventilators had increased from $ 6000 to 30 thousand dollars.

 

China blocks supply corridors

The second problem is that the Chinese government has blocked the supply corridor. For example- the Chinese government has banned the flight of government airlines Sichuan Airlines from India. The matter needs to be taken up by Foreign Minister S Jaishankar in front of the Chinese Foreign Minister. So that the supply bottleneck can be removed. The Chinese government has banned the flight of Sichuan Airlines from 10 cities in India.

 

Pharma suppliers cancel contracts

According to sources, China's pharma suppliers abruptly canceled the contracts. Now China's pharma suppliers are offering raw materials of drugs like Remdesvir and Favipiravir through auction. Whereas, the Red Cross Society of China is donating to its Indian unit. The Chinese embassy has also said through social media posts that oxygen concentrators are being sent to India. Chinese officials say the supply line is open and the prices of the products are stable.

 

Corona epidemic statistics in the country

 

Total new cases came in last 24 hours: 3.62 lakh

Total deaths in last 24 hours: 4,128

Total recovered in last 24 hours: 3.52 lakh

Total infected so far: 2.37 crores

Till now healed: 1.97 Crore

Total deaths so far: 2.57 lakh

Total number of patients currently undergoing treatment: 37.22 Lakh

2 Like 0 Dislike
Previous news Next news
Other news

Delhi Weather: Extreme heat in five states including Delhi, red alert of heat wave; Average maximum temperature crosses 45 degrees

The mercury is rising in the northwestern plains including Delhi, Uttar Pradesh, Haryan

West Bengal: Suvendu said- If there was no Nandigram movement, Mamata would not have become CM, challenged her to contest from Bhawanipur

Senior BJP leader Suvendu Adhikari launched a scathing attack on West Bengal Chief Minister Mamat

Why did the government cancel the NEET exam? Know what the anti-paper leak law says and what is the punishment

The Ministry of Education decided to cancel UGC NET June 2024 on Thursday night. The exam was can

UP Election 2022: Home Minister Amit Shah said in Gorakhpur workers' conference - no matter how hard the opposition tries, BJP will get more than 300 seats

In the Uttar Pradesh Assembly Election 2022, Home Minister Amit Shah, who was engaged in a campai

Rohini Court Shootout: Umang Yadav had sought a loan from a friend to bring the attackers

A preliminary probe into the Rohini court shootout case has revealed that the car in which both t

Bangladesh Violence: Big statement of Bangladesh Home Minister regarding attack on pandals, know what he said

Attack On Durga Puja pandal In Bangladesh: After the attacks on Hindu temples in Bangladesh durin

Russia-Ukraine war: Russia advances in eastern Ukraine ahead of EU summit, Ukraine attacks Crimea's oil drilling platform for the first time

The Russian army on Monday claimed to have captured the area of ​​the Seversky Donets River a

Realme Narzo 50A Prime: Reality launched the cheap smartphone in 2 variants and up to 7 GB of RAM, know what offers you will get

Realme Narzo 50A: If you are planning to get a new smartphone, then today realme has launched a c

Boris Johnson is scared to question PM Modi on Muslims! The bulldozer issue resonated in British Parliament

British PM Boris Johnson has been attacked by opposition MPs in his country's parliament. Opposit

SBI Funds IPO Opens on July 14: Price Band, GMP, Lot Size & Key Details You Need to Know

India's largest lender, State Bank of India (SBI), has announced that the Initial Public Offering

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash