India is raging after the bloody clash on June 15 between Indian and Chinese troops at Galwan. Across the country, there have been calls to boycott Chinese products and halt bilateral trade, with people burning Chinese appliances and goods and a Union minister even wanting a ban on restaurants selling Chinese food. WhatsApp forwards are further stoking this sentiment.
Let's checkout the recent developments regarding the "Boycott China" Situation.
1. 87% of Indians are ready to boycott Chinese products for the next 1 year. 58% of those surveyed said they will stop buying Chinese phones.
2. Union minister Ramdas Athawale said on Thursday that restaurants serving Chinese food should be banned and Indians should boycott Chinese food.
3. Many Indians, including members of the ruling Bharatiya Janata Party have called for a reprise of the tactics of Swadeshi against China, first used during the Indian freedom movement against the British Raj.
“Boycott China isn’t just a slogan any more, it’s an emotion running across the length and breadth of India,” tweeted MP and vice president of the Bengal BJP, Arjun Singh.
4. Leading players in India’s sports industry find themselves in a tough corner. The reason: More than half of India’s sports equipment imports are from China.
5. MSMEs don't want the government to impose tariffs that will make buying raw materials from China difficult - all other countries sell a lot more expensive products. Input cost will shoot 40%.
6. Amidst this whole situation, Chinese premium smartphone maker OnePlus saw its latest model—OnePlus 8 Pro—sell off within minutes in India after its online sales began on Thursday.
But will all this really affect China? Let's see.
1.China won’t feel the pain of Indian boycott. As the world’s ‘factory’, China is among the largest trade partners of almost all countries. India has only a small share in its exports and imports, so its boycott will not hurt China much. A trade war will, therefore, hurt India much more than China.
2. Brands like Vivo, OnePlus remain unaffected but may severely hurt employment in India.
3. How do you really cut off ties with a particular country’s product in a globalised world, where a chip by Intel – an American tech company headquartered in California – is designed in China, manufactured in Taiwan, it’s PCB is assembled in Malaysia before going back to Silicon Valley?
4. While India has been pushing for local manufacturing of most products sold in the country, it is impossible – particularly in electronics – to pluck out every involvement of a Chinese company from the line of local production.
If this is the future we want, we must prepare ourselves for a very different experience as consumers in India. We may have to make peace with the vagaries of quality, or with sky-high prices for the next Apple iPhone or Samsung Galaxy flagship.
Let's checkout the recent developments regarding the "Boycott China" Situation.
1. 87% of Indians are ready to boycott Chinese products for the next 1 year. 58% of those surveyed said they will stop buying Chinese phones.
2. Union minister Ramdas Athawale said on Thursday that restaurants serving Chinese food should be banned and Indians should boycott Chinese food.
3. Many Indians, including members of the ruling Bharatiya Janata Party have called for a reprise of the tactics of Swadeshi against China, first used during the Indian freedom movement against the British Raj.
“Boycott China isn’t just a slogan any more, it’s an emotion running across the length and breadth of India,” tweeted MP and vice president of the Bengal BJP, Arjun Singh.
4. Leading players in India’s sports industry find themselves in a tough corner. The reason: More than half of India’s sports equipment imports are from China.
5. MSMEs don't want the government to impose tariffs that will make buying raw materials from China difficult - all other countries sell a lot more expensive products. Input cost will shoot 40%.
6. Amidst this whole situation, Chinese premium smartphone maker OnePlus saw its latest model—OnePlus 8 Pro—sell off within minutes in India after its online sales began on Thursday.
But will all this really affect China? Let's see.
1.China won’t feel the pain of Indian boycott. As the world’s ‘factory’, China is among the largest trade partners of almost all countries. India has only a small share in its exports and imports, so its boycott will not hurt China much. A trade war will, therefore, hurt India much more than China.
2. Brands like Vivo, OnePlus remain unaffected but may severely hurt employment in India.
3. How do you really cut off ties with a particular country’s product in a globalised world, where a chip by Intel – an American tech company headquartered in California – is designed in China, manufactured in Taiwan, it’s PCB is assembled in Malaysia before going back to Silicon Valley?
4. While India has been pushing for local manufacturing of most products sold in the country, it is impossible – particularly in electronics – to pluck out every involvement of a Chinese company from the line of local production.
If this is the future we want, we must prepare ourselves for a very different experience as consumers in India. We may have to make peace with the vagaries of quality, or with sky-high prices for the next Apple iPhone or Samsung Galaxy flagship.
0 Comments