Boycott of Chinese goods: China warns of impact on India-bound investments

[Tom M]

Oops, never knew Indian economy could collapse without Chinese Smartphones.

 

[Indiran Chandiran]

Learn how to read and interpret data

The listing of Chinese import image shows imports forming a majority i.e >50%

Pharmaceuticals or APIs were not mentioned in that listing.

Electronics was chosen to be expanded due to constant Chinese delusion of Indian heavy dependence on electronic products such as cellphones.




Now that you have mentioned APIs, here is some data

India has its own developed API industry

http://www.slideshare.net/sunilzon/indian-ap-is-analysis

And in Asia it is second to China in API companies:

http://connect.dcat.org/blogs/value...utical-and-api-positions-in-asia#.WBd9ldUrKM8

In the event of Chinese embargo on APIs to India, India will merely switch importing from other nations until domestic manufacturing can match the demand. Unless you can cook up CCP stats showing China is the only API supplier on the planet.

Besides while frothing and salivating at pictures of Indians requiring medical assistance.
Perhaps you should be paying attention to Chinese cancer patients risking jail in order to obtain cheaper medicines from India.
Your Govt insecurity of Indian pharmaceuticals obtaining a market share in China is costing Chinese lives.

But i guess in yours and CCP Govt and it devotee perverted minds these mainland Chinese citizens do not deserve to live for daring to obtain medicines from India and make great celestial Zhongguo look bad

Lucky that your ancestors migrated to Singapore to escape these harsh realities.

When patients get caught between cancer and crime - China - Chinadaily.com.cn

After businessman Lu Yong was charged with "the sale of fake drugs" and "impairing credit card administration", the case once again set off debates over unlicensed overseas anti-tumor medicines.

In contrast with patented drugs sold for higher prices, partially resulting from huge R&D expenditure by initial developers, the compulsory license practice enabled an Indian generic version to be more affordable. In China, there is also such a stipulation in patent law, which has never been resorted to.

The 46-year-old owner of a textile export company in Wuxi, Jiangsu province, Lu helped buy Indian medicines, which are unlicensed in China, via credit cards that turned out to be illegal.

Under the current legal system, drugs that have not been given the green light by related authorities are considered fake, even if they are effective, prosecutor Luo Jian, who is dealing with the case, told Beijing Times.

People who provide accounts for the sale of fake drugs will be treated as accomplices, according to the law, Luo said.

Lu himself was diagnosed with chronic myeloid leukemia in 2002 and began to take Gleevec, developed by Swiss pharmaceutical giant Novartis for use in the treatment of multiple cancers.

The anti-tumor drug recommended by his doctor was priced around 23,500 yuan ($3,777) per box at that time and he needed to take one box a month.

As the medicine is not covered by the national medical insurance system, he told Chinese Business View that he spent 600,000 to 700,000 yuan on his treatment in the first two years after his diagnosis and was almost broke.

In 2004, Lu began to turn to Gleevec's Indian version, Veenat, which had a similar effect yet cost much less, 3,000 yuan, if bought directly from India. He shared his find with other leukemia patients in support groups at social network platform QQ. As a result, more than 1,000 members of the groups followed suit.

Complicated procedures that involve filing various documents in English for the shipments remained a "torture" for many of these new buyers. So Lu served as an interpreter for them, free of charge.

The price of Veenat continued to fall over the years, because of growing group purchases. The cost, including mail charges, had dropped to around 200 yuan by September 2013, Lu said.

To tap into the huge underground market, the Indian company opened bank accounts in China to facilitate remittance yet faced frequent problems due to restrictions and technical issues in transnational payments.

The company asked Lu, one of their earliest Chinese buyers, to use his own account as a bridge, he told media.

They had previously used accounts belonging to two patients in Yunnan province, through which Lu and others suffering from leukemia remitted payments for their medicines from India. But the account owners quit as the volume of trade grew because they were afraid of getting into trouble.

Lu took over the transfer role. He bought credit cards at an online shop in 2012 to remit payments for more than 1,000 patients a month. He said he didn't realize that the shop was "an illegal group specializing in credit card trade" until he was caught by police in November 2013.

He was prosecuted in Yuanjiang, Hunan province, in July 2014. The court was scheduled to hear the case in late November but it was postponed because of his health.

"I've just told those that are sick as me the medicine that can maintain our lives," he told the Oriental Morning Post. "They didn't buy medicines from me and I earned no difference or charged any fees."

Chinese Business View quoted him as saying: "If I were taken back in time, I would do the same. Our national policies cannot cover every patient. What I did is complementary to the shortcomings of the policies."

For him, the biggest benefit from providing his accounts might be the free drugs provided to him by the Indian company, as they had done with the previous account providers. Yet Lu said the exemption was not a big deal for him.

Prosecutor Luo said: "Law has its own bottom line. It is out of the question to give him an immunity from criminal liabilities just because he did it for others. Otherwise he would be followed and the law would be pointless."

According to the latest judicial interpretation by the Supreme Court released in November, the sale of a small number of unlicensed overseas medicines that do not damage or delay treatment is not considered a crime.

There is some humanity in the policy, Liu Guiming, chief-editor of Democracy and Law magazine, told The Paper.

It takes care of individual cases. When there is a patient in need of such medicine at home, the Indian drug is an option for consideration, Liu said.

Yet for cancer patients that need to take anti-tumor drugs in the long-term, it is easy to cross the line.

Lu said Gleevec in China is probably sold at the highest price in the world, much more than the $2,200 it costs in the United States. He called on foundations to help resolve the medical bills for cancer patients and suggested governments negotiate with companies to cut prices.

He said he hoped more anti-tumor drugs would be covered by national medical insurance. However Xiao Zesheng, a law professor at Nanjing University, told The Paper that paying too high prices for anti-tumor medicines will damage others' interests and is unfair to them. "The key is the high prices," he said.




Well spotted, the UN trade map data is all a global conspiracy of self-invented theories to hide the world's dependence on China products , Can't still believe you people are so thick



Seems like your desperation is leading you to CCP level intellectual dishonesty.

Total trade includes both Indian imports from China as well Indian exports to China

How is India at mercy of China for exporting its products to China? CCP economics 101?

Going by that logic China being an exporter to India is at India mercy or the other way around? So which is it? make up your mind before you discuss any further


Chinese dumping has always been an issue, it has come at major cost of brand China being equated to low quality not just among India but among Pakistanis as well

Any CCP devotee Chinese who can understand urdu will commit suicide after watching this:

BRAVO !!! It's the kind of post I'd like under my user name .Wonderful job !

I wouldn't engage with these fools ( Chinese trolls ) too much .Apart from swollen heads & egos , they are extremely repetitive , childish ( notice the emoticons & memes) & downright insecure suffering from a massive inferiority complex .

I've yet to see analysis of their financial & technical prowess .All I see are wonderfully mounted videos of glass & steel skyscrapers towering over the horizon.

I've yet to see a self critique by the Chinese of the tears , years & sweat of how such megalopolis's came about.

But then it'd be too much to expect the citizens of a totalitarian state to engage in self criticisms .While on the topic @Bombermanx1
has posted some interesting stuff on his experiences in PRC.Perhaps you'd like a dekko at it in case you missed it.

Good job once more , bro.Cheers!!

 

[ohmrlobalobayeh]

BRAVO !!! It's the kind of post I'd like under my user name .Wonderful job !

I wouldn't engage with these fools ( Chinese trolls ) too much .Apart from swollen heads & egos , they are extremely repetitive , childish ( notice the emoticons & memes) & downright insecure suffering from a massive inferiority complex .

I've yet to see analysis of their financial & technical prowess .All I see are wonderfully mounted videos of glass & steel skyscrapers towering over the horizon.

I've yet to see a self critique by the Chinese of the tears , years & sweat of how such megalopolis's came about.

But then it'd be too much to expect the citizens of a totalitarian state to engage in self criticisms .While on the topic @Bombermanx1
has posted some interesting stuff on his experiences in PRC.Perhaps you'd like a dekko at it in case you missed it.

Good job once more , bro.Cheers!!

=

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Psychological projection is a theory in psychology in which humans defend themselves against their own unconscious impulses or qualities (both positive and negative) by denying their existence in themselves while attributing them to others.
Psychological projection - Wikipedia
https://en.wikipedia.org/wiki/Psychological_projection

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[Kyusuibu Honbu]

No need friend, but as I said loud and clear "India don't need China for anything more than China needs India".

Some cognitive inertia are hard let go for our Eastern neighbors.

I have debunked repeatedly several times Chinese delusions Indian imports from China but then again delusions of China having some control over India is more essential then face cruel reality.

 

[Nicky G]

Chinese seem to tend to suffer from delusions that cone along with being a superpower without actually being one.

 

[ohmrlobalobayeh]

http://www.dailyo.in/business/boyco...gdp-india-china-trade-cpec/story/1/13717.html

MONEY
| 4-minute read | 29-10-2016

ANSHUMAN TIWARI
@anshuman1tiwari

Last fortnight, close on the heels of the rise of firecracker nationalism against Chinese goods on social media, Reserve Bank of India (RBI) was busy making adjustments for yuan’s entry into India’s foreign exchange reserves. Not only RBI, most of the global central bankers too had to alter metrics of their forex reserves after yuan’s rise as the world’s fifth most powerful currency.

Only three days after India’s surgical strike on terror launch pads across the LoC, the yuan became a Special Drawing Rights (SDR) currency, the elite club of four global currencies under the International Monetary Fund (IMF). After the American dollar, the Japanese yen, the British pound and the euro, only the yuan has found a place in the premium currency basket.

As all countries constitute their foreign exchange reserves in denominations of SDR currencies, India, along with other nations, are now required to create yuan reserves as well.

China’s access to the Indian market is far more deep and extensive than low-end consumables like firecrackers.

We can vent our frustration by endlessly cursing former governments for China’s growing influence, but when a country makes more than 50 per cent of the world’s computers, two-thirds of its DVDs, ovens and toys, Made in China is the unpalatable global reality. China has, in fact, forced the rewriting of the history of global trade. History shares no precedent when a country captured markets worldwide by becoming the singular global manufacturing power.

It is not at all impossible that the mobile phones with which messages of Chinese goods boycott are sent or received are fully or partially made in China. The mobile network carrying these messages could be made by the Chinese companies ZTE or Huawei, or the sim cards could have come from China. Even if the phone is Korean or Japanese, the China factor will come into the picture because these two countries import electronics worth $70billion annually from China. It is also possible that these phones are charged with electricity produced at a unit with a Chinese turbine.

China’s access to the Indian market is far more deep and extensive than low-end consumables like firecrackers and other Diwali decorative essentials. The total firecracker import is unlikely to cross the million dollar mark, however, foreign trade statistics suggests that India’s largest imports from China are electronics ($20 billion), nuclear reactor and machinery ($10.5 billion), chemicals ($6 billion) and steel ($2.3 billion). In 2015-16, India’s import from China was worth $61 billion, out of which the top ten imports amounted to $48 billion. After China, India’s largest imports come from United States, Saudi Arabia and UAE. Imports from China is almost equal to all three put together. The cracker revolutionaries must know that India’s share in China’s global export, more than $2 trillion, is less than even three per cent.

The China challenge will have to be dealt rationally, not emotionally. Indian manufacturing sector’s dependence on China has not been studied well. The last such effort was made in 2011 when the national security adviser of that time confidentially studied the Chinese penetration into Indian economy. The conclusions were startling:

1. China is well in the position of pricing its products 40 per less than that in India. More importantly, India has comparatively very limited number of products in global trade.

2. In 2011, China’s share in telecom imports by India was 62 per cent. Today it could be above 75 per cent, with fast growth of 3G and 4G networks.

3. China is the world’s largest bulk drug-manufacturer and India is 100 per cent dependent on China for its pharmaceutical (Bulk and API) supplies.

4. And, most importantly, China accounted for 26 per cent of India’s manufacturing GDP as per NSA’s study in 2011. NSA study had projected China’s share may go up to 75 per cent in next five years. This estimate has proven accurate largely. World markets have capitulated to the fact that whatever China would buy would become pricey and what it would sell would become cheaper.

After the rise of China, nations have started focusing on their core competence and cost reduction measures to counter the invasion of Made in China stuff. India, too, instead of a boycott, will have to work on reducing the cost of production, focus on technique and promotion of smaller units, for alternatives to low-cost imports from China. As far as high tech imports are concerned, India can play its market card in a more astute manner, while adjusting to the realities of global trade. Back to the China-Pakistan liaison, from where the crackers began bursting.

The international security scenario has significantly altered after China assumed the status of the world’s second-largest economy. China’s strategic influence emanates from its economic power. It has invested about $46 billion in the China-Pak-Economic-Corridor, which is equivalent to 20 per cent of Pakistan’s GDP.

Patriotic emotional outbursts are welcome, but India will have to build its economic muscle, because in today’s world, cargo ships carry the flag of strategic power, not the battle ships.

I have debunked repeatedly several times Chinese delusions Indian imports from China but then again delusions of China having some control over India is more essential then face cruel reality.

India's largest trade partners with their total trade (sum of imports and exports) in millions of US dollars for financial year 2014–15 were as follows:[4]

Rank Country Exports Imports Total Trade Trade Balance
- All countries 310,338.47 447,964.38 758,301.08 -137,625.92
1

China 11,934.25 60,413.17 72,347.42 -48,478.91 <=== this figure alone refutes every single diagram, charts, articles or drawings that u've linked by https://en.wikipedia.org/wiki/Cherry_picking only those that suits your own https://en.wikipedia.org/wiki/Self-serving_bias

2

United States 42,448.66 21,814.60 64,263.26 20,634.05
3

United Arab Emirates 33,028.08 26,139.91 59,167.99 6,888.17

I have debunked repeatedly several times Chinese delusions Indian imports from China but then again delusions of China having some control over India is more essential then face cruel reality.

yayayayay nice https://en.wikipedia.org/wiki/Self-serving_bias 'debunking'

Chinese seem to tend to suffer from delusions that cone along with being a superpower without actually being one.

 

[Kyusuibu Honbu]

Oops, never knew Indian economy could collapse without Chinese Smartphones.

Don't you know Chinese smartphones are critical import for any nation.

Nations like USA and Japan maintain large underground storage warehouses filled with Chinese smartphones.So in the event Chinese put a global smartphone embargo, the stored smartphones can used as temporary reserves.

Take that Western world, you embargo arms exports to China, China will embargo smartphones/ umbrellas to you

 

[rott]

Don't you know Chinese smartphones are critical import for any nation.

Nations like USA and Japan maintain large underground storage warehouses filled with Chinese smartphones.So in the event Chinese put a global smartphone embargo, the stored smartphones can used as temporary reserves.

Meanwhile... Boycott this....

http://wap.business-standard.com/ar...e-to-be-exported-to-india-116041400244_1.html

Or read this...

http://www.thefrustratedindian.com/2016/10/boycott-chinese-products/


Boycott all you want


@endyashainin
@AndrewJin @Chinese-Dragon @eldarlmari @Dungeness

 

[Indika]

3. China is the world’s largest bulk drug-manufacturer and India is 100 per cent dependent on China for its pharmaceutical (Bulk and API) supplies.

This is for re export after manufacturing as medicines, as such we add value to imports. So a 5$ import becomes 10$ export. Its advantage India.

Rest of the goods is due to cheap price not bcos it cannot be imported from else where.

=

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Psychological projection is a theory in psychology in which humans defend themselves against their own unconscious impulses or qualities (both positive and negative) by denying their existence in themselves while attributing them to others.
Psychological projection - Wikipedia
https://en.wikipedia.org/wiki/Psychological_projection

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Next you will give info about diarrhea right?

 

[Kyusuibu Honbu]

This is for re export after manufacturing as medicines, as such we add value to imports. So a 5$ import becomes 10$ export. Its advantage India.

Rest of the goods is due to cheap price not bcos it cannot be imported from else where.


Next you will give info about diarrhea right?

The figure of 100% is incorrect btw. correct figure is 80%

Imports from China currently meet 80 percent of India's bulk drugs requirements.

Imports from China currently meet 80 percent of India's bulk drugs requirements.

Meanwhile... Boycott this....

http://wap.business-standard.com/ar...e-to-be-exported-to-india-116041400244_1.html

Or read this...

http://www.thefrustratedindian.com/2016/10/boycott-chinese-products/


Boycott all you want


@endyashainin
@AndrewJin @Chinese-Dragon @eldarlmari @Dungeness

How can we Indian boycott Chinese products, when we have not yet built strategic reserves for critical Chinese imports like umbrellas, headgears etc

Spoiler

And not to forget frightening aspect of facing an avalanche of warnings from China

 

[rott]

Oops, never knew Indian economy could collapse without Chinese Smartphones.

Supposedly the little red Hindu book revealed it to you.

 

[A_Poster]

One thing this thread have proven beyond doubt is that Chinese are inferiority complex ridden Imps; completely lacking in intellect ,basic reading comprehension ,and data interpretation abilities.

No doubt they hate themselves and want to ape west to maximum extent possible.

 

[Dungeness]

After the rise of China, nations have started focusing on their core competence and cost reduction measures to counter the invasion of Made in China stuff. India, too, instead of a boycott, will have to work on reducing the cost of production, focus on technique and promotion of smaller units, for alternatives to low-cost imports from China. As far as high tech imports are concerned, India can play its market card in a more astute manner, while adjusting to the realities of global trade. Back to the China-Pakistan liaison, from where the crackers began bursting.

Some smart Indians are thinking. One rational mind is better than one million talking mouths.

With the state of Indian current manufacturing industries, where 80-90% are engaged in so called "informal sector", India has a very long way to go to be somewhat competitive to Chinese imports. When you prided yourself as "IT Superpower" or "Office of the world" 10-15 years ago, you should have foreseen what was coming. Now Southeast countries are picking up the low end manufacturing transferred out of China, India again finds itself missing the boat. Too bad!

 

[ohmrlobalobayeh]

One thing this thread have proven beyond doubt is that Chinese are inferiority complex ridden Imps; completely lacking in intellect ,basic reading comprehension ,and data interpretation abilities.

No doubt they hate themselves and want to ape west to maximum extent possible.

= https://en.wikipedia.org/wiki/Psychological_projection

The figure of 100% is incorrect btw. correct figure is 80%

Imports from China currently meet 80 percent of India's bulk drugs requirements.



How can we Indian boycott Chinese products, when we have not yet built strategic reserves for critical Chinese imports like umbrellas, headgears etc

Spoiler

And not to forget frightening aspect of facing an avalanche of warnings from China

=

 

[Indika]

Supposedly the little red Hindu book revealed it to you.

commies cannot think beyond what has been indoctrinated.