In Chinese trading town, disputes and strains fuel mistrust of India

[FairAndUnbiased]

Mistrust is both way street. There 1~2% or less bad businessmen from India and equally or more no of Chinese businessmen with unlawful or practices. You may hear tons of stories that Chinese shown apples and shipped rotten lemons.

In this case I'll blame Chinese guy, why he did not follow the std. process of trading via LC / bank guarantee?

Bottom-line ... Chinese cannot ignore Indian part of business, especially in current economical situation.

Mistrust will hurt businessmen on both side and soon you'll find both Chinese and Indian businessmen wooing each other for business.

PS: Taiwanese has done worst to Chinese businessmen and labor and still thriving in China. It's a insignificant setback and business will return to normal after wk or two.

Let me put this in a way such that more people can understand.

I witnessed a theft. Instead of punishing the criminal, I ask the victim, why did you not protect yourself from the thief?

 

[ChinaToday]

delayed payment and fraud/cheating are 2 different issues,i thought they taught the difference to the high iq chinese

This is another trick if you own that company alot of money delay payment till that company go bankrupt guess your iq not that high

 

[harshad]

Let me put this in a way such that more people can understand.

I witnessed a theft. Instead of punishing the criminal, I ask the victim, why did you not protect yourself from the thief?

ever heard of the term "Caveat venditor" if not google it

 

[sms]

Let me put this in a way such that more people can understand.

I witnessed a theft. Instead of punishing the criminal, I ask the victim, why did you not protect yourself from the thief?

NO you are wrong...

1. If the guy ran away with their money why they did not lodge police complaint? It's obvious that these Chinese traders were involved in some fishy business ..why they were not using the proper payment channel/ procedure. I can sense some fishy business here.

2. What right do they have to kidnap and beat two employees? Do you advocate this illegal behavior?

 

[harshad]

This is another trick if you own that company alot of money delay payment till that company go bankrupt guess your iq not that high

even if the company goes bankrupt it has full right to recover the money,not so much high iq chinese member i guess
and thats a year old news thay might have been paid by now,thay wont sit quietly without money for a year

 

[ChinaToday]

NO you are wrong...

1. If the guy ran away with their money why they did not lodge police complaint? It's obvious that these Chinese traders were involved in some fishy business ..why they were not using the proper payment channel/ procedure. I can sense some fishy business here.

2. What right do they have to kidnap and beat two employees? Do you advocate this illegal behavior?

This is what u dont understand if my friend take the matter to the police and lodge a complaint or take that guy to court you know how long that is going to take?

 

[FairAndUnbiased]

NO you are wrong...

1. If the guy ran away with their money why they did not lodge police complaint? It's obvious that these Chinese traders were involved in some fishy business ..why they were not using the proper payment channel/ procedure. I can sense some fishy business here.

2. What right do they have to kidnap and beat two employees? Do you advocate this illegal behavior?

The traders were holding the employees in case they flee; they were waiting for police to arrive to properly prosecute them. This is citizen's arrest.

How do you know there was no police complaint?

 

[ChinaToday]

even if the company goes bankrupt it has full right to recover the money,not so much high iq chinese member i guess
and thats a year old news thay might have been paid by now,thay wont sit quietly without money for a year

Yes even go banrupt u can still recover, but normally the owner aint bother cos it takes ages and even when you recover the money it aint enough to cover your loss(due to interests solicitors and court fees ect ect) .

 

[harshad]

The traders were holding the employees in case they flee; they were waiting for police to arrive to properly prosecute them. This is citizen's arrest.

How do you know there was no police complaint?

thats the most stupid thing i have heard,cant they just put im in a car and hand them over to the police

 

[sms]

This is another trick if you own that company alot of money delay payment till that company go bankrupt guess your iq not that high

ever heard of the term "Caveat venditor" if not google it

even if the company goes bankrupt it has full right to recover the money,not so much high iq chinese member i guess
and thats a year old news thay might have been paid by now,thay wont sit quietly without money for a year

No use .. most of our Chinese members have selective amnesia and will not (intentionally) understand and put things in right perspective.

 

[harshad]

Prove me wrong then show me the link

prove yourself right by showing that they are not paid at all by 1st jan 2012 and whether the companies are bankrupt,unless you cant google it
and also prove that bankrupt companies cant recover dues

 

[sms]

The traders were holding the employees in case they flee; they were waiting for police to arrive to properly prosecute them. This is citizen's arrest.

How do you know there was no police complaint?

This is the MOST STUPID thing I've ever heard!!
Police took a fortnight to arrive ...sir this is called KIDNAP!

read below ...

Although the two Indian traders were unlawfully abducted and abused in captivity over two weeks, there was little sympathy for them among many Chinese traders in Yiwu.
The Hindu : News / International : In Chinese trading town, disputes and strains fuel mistrust of India

 

[ChinaToday]

prove yourself right by showing that they are not paid at all by 1st jan 2012 and whether the companies are bankrupt,unless you cant google it
and also prove that bankrupt companies cant recover dues

India's Commonwealth Games bills still not paid

Many foreign companies see entry into India's booming market as one way of riding out the global financial storm, but Mark Dummett in Delhi says doing business there is not for the faint-hearted.

Ric Birch has worked all over the world. He is an impresario who organises the opening ceremonies of major international sporting events.

He has done six Olympics including Beijing, Sydney and Barcelona. He has helped design public extravaganzas in Mexico, Singapore and his native Australia.

He has also worked in India, where he produced the curtain-raiser for Delhi's Commonwealth Games, one year ago.

It was not easy. The biggest sporting event in India's history was supposed to be its chance to show off, much as China had done with the Beijing Games. But to those of us watching from the sidelines, the plan seemed to backfire appallingly.

Indeed, the weeks leading up to the games only seemed to reveal problems.

Parts of Delhi were flooded by the heaviest monsoon in years, work on the venues was not finished even though the whole thing had run massively over budget, a bridge collapsed, there was an outbreak of dengue fever and some athletes' bedrooms were slept in by stray dogs.

Payment outstanding

However, as one government minister had correctly predicted, everything came together at the last minute, just like at an Indian wedding.

Ric's team worked like heroes.

Their opening ceremony was a grand success and, as a giant helium balloon was launched into the Delhi night sky, 60,000 proud spectators bellowed out the national anthem.

So does Ric ever want to work here again? "No, absolutely not." "India," he says, "stands for I'll-Not-Do-It-Again."


The final straw for Ric is the fact that he still has not been paid. He says he is owed $350,000 (£225,000) and the Indian government has not told him why he has not received his money.

"They don't answer correspondence, they've changed their phone numbers, they've changed their email address," he told me. "It's a rogue action."

Ric is not the only one in this situation.

According to a list compiled by foreign governments, of the 32 international contractors employed to help run the games, only two have been paid in full.

The total debt amounts to more than $80m (£50m) and some of the companies are now in danger of folding.

Their experience seems to support a recent World Bank survey which found that India was one of the hardest places in the world in which to do business, coming a lowly 134th out of 183 countries.

More damningly still, when it comes to enforcing contracts, the World Bank says that India is actually the second worst, coming only higher than East Timor.
Investigation

The Commonwealth Games companies I have spoken to said the Indian government had still not given them any indication as to why they were not being paid.

But the reason is hardly a secret, and it has to do with the biggest scandal of the games - corruption.

Games chairman Suresh Kalmadi resigned from his post in India's Congress party in November 2010
The man at the centre of things is Suresh Kalmadi, a veteran ruling-party politician, who sat on Parliament's ethics committee, and was appointed to run the Delhi games.

He is now behind bars, facing charges of taking bribes from contractors - allegations which he denies.

The government has made it clear that, until all the contracts that Kalmadi issued are fully investigated, the remaining money will not be released. And two independent committees claimed that some of the contracts issued to foreign firms were indeed suspicious.

One of the British companies they named was SIS Live, which televised the games, and is owed more than $20 million (£13m).

Continue reading the main story

A spokesman for SIS Live angrily rejected the allegations it had done anything dodgy. Terence Fane Saunders described to me the committees' reports as grotesquely wrong and inaccurate - full, he said, of easily provable errors.

He claimed that no-one from either committee had contacted SIS Live to check their facts.

The UK High Commission in Delhi agrees with SIS Live and has written to the Indian government asking it to reconsider its treatment of the company.

That letter was followed up by a second one, regarding the fate of all the firms, signed jointly by the embassies of Germany, Australia, Italy, Switzerland, France, Belgium, the Netherlands and Britain.

Neither letter received an official reply and nobody seems to know if and when the money will ever be paid.

'Too risky'

Legal action could take years.

One frustrated Western diplomat admitted to me that it was possible that a few of the companies might indeed have paid bribes but it was inconceivable that all of them had.

"The whole thing," he says, "sends out a terrible message that doing business in India is just too risky."

The global economic crisis is now forcing foreign firms to look at India like never before. BP is the latest major firm to invest, recently announcing a joint venture worth more than $7 billion (£4.5bn).

But Ric Birch, whose company has not been accused of wrongdoing, will not be coming back.

"I'll be very happy to ignore India," he tells me. "There are plenty of other places where they pay their bills."

BBC News - India's Commonwealth Games bills still not paid

 

[jbond197]

^^^
Chinese trolling started on the thread.. As usual, Typical Chinese..

 

[oct605032048]

Kiryane ki dukaan lga rakhi hai kya, lala ji..

on topic :

Read this



It's the owner's responsibility to clear the due's not the employees.. The two Indian employees were equally cheated by that Yemeni thief

We don't care about your bloody business with Yemen. What we believe is if you kill you should die and if you have a debt you should pay.