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

DC vs RR: For the first time since 2022, a result came out of a super over in IPL, Delhi reached the top after defeating Rajasthan

Delhi Capitals defeated Rajasthan Royals in the Super Over in the IPL 2025 match played at Arun J

Kushinagar Tragedy: Announcement of compensation of Rs 4-4 lakh to the families of the dead in the Kushinagar accident, free treatment of the injured

Kushinagar Tragedy: The death toll in the accident in Naurangiya Tola village of Kushinagar, Utta

The Raja Saab on OTT: Prabhas to compensate for theatrical losses on OTT; when and on which platform can you watch the horror-comedy?

The horror-comedy film 'The Raja Saab', starring Prabhas, Sanjay Dutt, and Nidhi Agarwal, was rel

Waqf Bill: Waqf Bill may be presented in Lok Sabha tomorrow; Rijiju said- If needed, we will extend the Parliament session

Accusing some parties and organizations of misleading Muslims, Union Minority Minister Kiren Riji

Asia Cup 2025: Who will open for India in the Asia Cup? Four contenders, competition between Samson-Yashasvi and Abhishek-Gill

After the end of the England tour, India's next assignment is the Asia Cup. It will start from Se

Bihar Election Results 2025: Where will the money come from to fulfill the promises of the manifesto, will the NDA government withdraw prohibition?

With the results of the 2025 Bihar Assembly Elections coming out, the state's Finance Department

Burning of cargo ship may cause acid rain in Sri Lanka: Official

Sri Lanka's top environmental body has warned that the emission of nitrogen dioxide from a Singap

Opposition On GST: 'Walked on the wrong path for eight years, now took a U-turn', opposition slammed the Centre on GST

The opposition is constantly trying to corner the BJP over the GST reform. Today, many big Congre

What is the oil game and gulf countries' trouble in the Ukraine-Russia war

The Muslim countries of the Gulf have large reserves of the world's oil. These countries have so

Malala's entry in the hijab controversy: Said- It is frightening to stop girls from going to school for wearing hijab; Stop marginalizing Muslim women

Pakistani social activist and Nobel laureate Malala Yousafzai have also entered the hijab controv

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