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China says India risks scaring away investors with raids on its companies

Jackdaws

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India risks damaging its reputation among foreign investors with its "frequent investigations" into Chinese companies, Beijing said this week.

China's embassy in India said in a statement Thursday that probes by Indian authorities into Chinese companies were disrupting "normal business activities" and chilling "the confidence and willingness of market entities from other countries, including Chinese enterprises to invest and operate in India."
The criticism comes after India's Enforcement Directorate — the country's main financial investigation agency — raided major Chinese smartphone company Vivo over allegations of money-laundering earlier this week.
In a press release on Thursday, the Indian agency said it had carried out searches at 48 Vivo locations in the country, and seized 4.65 billion rupees ($60 million) from 119 bank accounts, including fixed deposits, cash and gold bars.



Oh, too bad.
 
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I recommend that the Chinese investors forget India and invest in Bangladesh Export zones to produce labor-intensive-manufacturing products for export, many of which are being set up right now. A total of one hundred zones will be built, about 25% are close to completion, past utilities and land development stage.

They can contact these govt. organizations to look into specifics and detail. Chinese investors will not face the prejudice in Bangladesh like they do in India.

Bangladesh entrepreneurs will always welcome business partners from China with open arms.





@MH.Yang, @Beast brothers please spread the word, Manjala is open for business !
 
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Irony is despite all the recent restrictions and crackdown, Chinese companies are lining up to invest in India
IMG_20220711_092414.jpg

 
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That's so typical Indian,Chinese cellphone firms make fair bit of revenue in India and somewhat reliant,so India is acting that way ,understanding that they have so leverage and can get away with sucking money out of them,that's what u get with a inherently scammer nation with low ethical aptitude and stupid shortsightedness.
Indians are the type to scam a customer for 15 rupees only to fend off future customer worth thousands of rupees.

Indian authorities would never act that way with firms that has no major market share and those upon which they relies on for export .
 
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I recommend that the Chinese investors forget India and invest in Bangladesh Export zones to produce labor-intensive-manufacturing products for export, many of which are being set up right now. A total of one hundred zones will be built, about 25% are close to completion, past utilities and land development stage.

They can contact these govt. organizations to look into specifics and detail.

Bangladesh entrepreneurs will always welcome business partners from China with open arms.





@MH.Yang, @Beast brothers please spread the word, Manjala is open for business !
Agree, exactly, China should forget about India, and have it kicked out from BRICS and SCO too as it is the spoiler in the orgs that has paralyzed the orgs now. Chinese companies are nuts to invest in India and it's against Chinese national interest as Indians consider China a strategic enemy.
 
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Lol. The Chinese are outraged that they are expected to follow laws of the country they sell their products in. Hahaha.

Really, even culturally that country just mainstreams being a criminal.

Tbh, most countries china invests is ruled by tinpot dictatorship, and they can get away by paying under the table. Probably the first time these thieves will be prosecuted by a proper judicial system.
 
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Too bad for Chinese firms. You will have to follow Indian law while doing business here. Otherwise be ready to get kicked in behind and cry. And these rotlu statements are just too funny.
 
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