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After goods boycott, China warns on investments front

China has said that boycott of Chinese goods will negatively impact the India-bound investments

Policy Pulse
Publish Date: Oct 28 2016 10:51AM | Updated Date: Oct 28 2016 2:14PM

After goods boycott, China warns on investments front

Reports suggesting that people in India are boycotting Chinese goods for this Diwali season, after Prime Minister Narendra Modi called for made in India.

 

As a reply China said that 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, Indian traders and consumers will suffer.

 

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 $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.