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

[harpoon]

Have YOU been to China? Just look around, and compare to any city in India. Do people on the bus in India get up for the elderly and for pregnant women? Do people on the bus in India give priority seating to young children?

Sorry, Indians and Chinese are not even at the same level.

What a dumb dumb argument? Didn't except from a high IQ Chinese .

 

[fallstuff]

Something is not right here. They are not using LC,

A standard, commercial letter of credit (LC[1]) is a document issued mostly by a financial institution, used primarily in trade finance, which usually provides an irrevocable payment undertaking.

The letter of credit can also be payment for a transaction, meaning that redeeming the letter of credit pays an exporter. Letters of credit are used primarily in international trade transactions of significant value, for deals between a supplier in one country and a customer in another. In such cases, the International Chamber of Commerce Uniform Customs and Practice for Documentary Credits applies (UCP 600 being the latest version).[2] They are also used in the land development process to ensure that approved public facilities (streets, sidewalks, storm water ponds, etc.) will be built. The parties to a letter of credit are usually a beneficiary who is to receive the money, the issuing bank of whom the applicant is a client, and the advising bank of whom the beneficiary is a client. Almost all letters of credit are irrevocable, i.e., cannot be amended or canceled without prior agreement of the beneficiary, the issuing bank and the confirming bank, if any. In executing a transaction, letters of credit incorporate functions common to giros and Traveler's cheques. Typically, the documents a beneficiary has to present in order to receive payment include a commercial invoice, bill of lading, and documents proving the shipment was insured against loss or damage in


Letter of credit - Wikipedia, the free encyclopedia

The Indians are probably making it look like a local trade, not international to get delivery with a little upfront money. Once they receive credit they run. They sent a diplomat to aid the thives. The diplomat is probably in it too.

 

[FairAndUnbiased]

What a dumb dumb argument? Didn't except from a high IQ Chinese .

those who are corrupt, cutthroat and cunning would not do so. But this occurs in China without thinking, it is part of our character. If Indians do the same, then they're also pretty civilized.

 

[anonymus]

Something is not right here. They are not using LC,



The Indians are probably making it look like a local trade, not international to get delivery with a little upfront money. Once they receive credit they run. They sent a diplomat to aid the thives. The diplomat is probably in it too.

Dikha de na apni "Madrassa education" ki aukkat.

Morons don't even know that a diplomat is required by International Law to provide legal assistance to citizens of his country.

Chinese business actually have quite good reputation worldwide, much better than Indian ones. China's world trade volume speaks for itself.

Reputation like this

http://www.pbs.org/newshour/bb/asia/july-dec05/china_10-13.html

http://internationalecon.com/v1.0/ch25/china/bhattacharya.pdf

http://www.usitc.gov/publications/332/pub4199.pdf

 

[twocents]

Here are more details

Indian diplomat secretly tried to take away two Indians:report - The Economic Times

Indian diplomat secretly tried to take away two Indians:report

BEIJING: A Chinese state-run daily today alleged that the Indian diplomat, who had collapsed in a court last Saturday, had tried to "secretly" take away two detained Indian nationals under the "pretence of going to the toilet".

Reports that Indian diplomat, S Balachandran from Consulate in Shanghai fainted after being denied food and medicines and manhandled were "wrong", a report in the Global Times website said.

"The reports distorted the facts, and no injuries actually happened", it quoted an official with the local Yiwu government as saying.

The two Indians Shaymsunder Agrawal and Deepak Raheja refused to pay more than 10 million yuan (USD 1.59 million) for goods they had received, the official said.

They were kidnapped on December 15 by Chinese traders at Yiwu.

"During the interval at the hearing, the diplomat planned to take away the two Indians secretly under the pretence of going to the toilet.

"But they were stopped by suppliers at the court's exit," the report said.

When the officials arrived, they found the diplomat sitting on the ground and claiming that he had been beaten.

But physical checks afterwards showed no signs of a beating, the Times report said quoting sources.

Yesterday, Chinese Foreign Ministry Spokesman, Hong Lei had refuted reports that the diplomat was denied access to food and water in the court.

 

[twocents]

Here is a piece of detective work, Indian memebers are welcome to take up on the assignment. This particular posting on the Times of India may offer some clues.


Abhay (Gurgaon) replies to Vijay

the business founder and owner is an INDIAN named firoze khan. the two indians caught were accomplice in guise of employees. the company is not registered in yemen as reported by TOI but UAE. Do google and get all facts. when this news was reported yesterday, a comment posted by Jogu (Boston) who did a research of this news story and unearthed all the dirty things from these cheaters and looter Indian busineesmen. They are no more than scamsters and fraudsters bringing our Indian businessmen to shame. So, who is ranting, Viyay ?

 

[harshad]

Yeah whatever, maybe you are scammer yourself. Regardless, don't come to China and think that you can get away with your scamming tricks. Keep it inside India. If you scam a foreigner in India, I'd blame the foreigner for being stupid to visit in the first place.

after 7 pages still he doesnt understand

 

[fallstuff]

Actually i listed the name and address on a different thread. It is in Dubai, the name of the MD is some Mehta.

The Chinese are naive to belive the Indian scammers including the diplomat.

 

[jbond197]

Actually i listed the name and address on a different thread. It is in Dubai, the name of the MD is some Mehta.

The Chinese are naive to belive the Indian scammers including the diplomat.

Did your dad came and gave you this information? Chinese who did the business are saying the owner was Yemeni and here we have an illiterate Bangladeshi trying to tell the owner was from Dubai..

what a way to show his frustration.. Nothing better can be expected from illiterate illegal Bangladeshi..

 

[ChinaToday]

The funny thing is indian members and GOI crying out loud for these criminals where as nothing being said when an indian student was shot to death in a so called democracy country UK.

 

[fallstuff]

Did your dad came and gave you this information? Chinese who did the business are saying the owner was Yemeni and here we have an illiterate Bangladeshi trying to tell the owner was from Dubai..

what a way to show his frustration.. Nothing better can be expected from illiterate illegal Bangladeshi..

Thanks for enquiring about my father, he actually pased away a long time ago.

I am using the iphone so I can't dig the post up, but I will in a few.

 

[Sonyuke_Songpaisan]

Dont trust these guys.

 

[fallstuff]

Did your dad came and gave you this information? Chinese who did the business are saying the owner was Yemeni and here we have an illiterate Bangladeshi trying to tell the owner was from Dubai..

what a way to show his frustration.. Nothing better can be expected from illiterate illegal Bangladeshi..

You asked for it buddy,




This is the company the two Indian works for,

Contact Us - Euro Global Trading

We look forward to hearing from you and would be happy to assist with your product requirements.

Jimmies F. Mehta
Managing Director
mehtaj@eim.ae


Euro Global Trading (FZC)
P.O. Box 7857, Saif Zone, Sharjah
United Arab Emirates
Tel: 00971506251982
Fax: 0097165575458

 

[jbond197]

Ah, what a failed troll attempt.. That's the reason you should not stress your brains.. I know all you can think of is some BS about India.. Such a height of insecurities you hopeless guys have.. So now hoping that you are done with your BS.. Time to get real and face the truth

Here some thing to open your eyes -

The two businessmen, Shyamsunder Agrawal and Deepak Raheja, are reportedly employees at Euro Global Trading, a Yemeni company based in the eastern Chinese city of Yiwu. The owner of Euro Global Trading, Mahir Faoud Husain Bazaara, disappeared with unpaid dues, leaving Agrawal and Raheja to face the anger of those he owed money to.

source

Read the bold part hundred times and flush the garbage out of your brains..

and now if you are done then keep your stupidity out of this thread..

 

[Fantasy]

Another irrelevant thread started by irrelevant losers, like watching pre-pubes kids cockfight and nitpicking over anything just so these losers can get one up over each other. There have to be a time when you grow sick of it, and understand that bragging or taunting is for losers because it won't change reality, stupid losers.