BEIJING, JAN 6 (APP): Indian businessmen should obey rules. If they cannot get rid of their bad habit of defaulting on debts, both Chinese and foreign businessmen will keep away from them. The international trade in Yiwu doesnt tolerate unethical business, reports Chinese media. A report in print media here expressed these views following Indian medias hype on trade dispute in which two Indian nationals were charged by their Chinese suppliers for defaulting in making payment worth millions of Yuan and alleged involvement of an Indian diplomat to sneak the two from the courthouse on the pretext of taking them to toilet.
Yiwu in Chinas Zhejiang province is the largest small commodity distributing center in East Asia and is also famous in the world. Indian embassy swayed by nationalism, was the headline of mass circulated English language newspaper Global Times, stated that the Indian media has been hyping the collapse of an Indian diplomat in a court in Yiwu. Even the Indian foreign minister reacted to the news and small-scale protest held in New Delhi.
The details of the incident are still not clear. The story seems to be that two Indian businessmen owed money in Yiwu, and were, according to the Indian media, held hostage by their Chinese partners for three weeks.
An Indian diplomat attended a court in Yiwu to try and get the local
police to rescue the two businessmen. The Indian media reported that the
diplomat suffered from diabetes and that officials refused to allow him to eat
or take his medicine in the court for seven hours, which resulted in him fainting. However, the local authorities dispute this claim.
Meanwhile, the Indian embassy in China has warned all the Indian
businessmen not to do business in Yiwu, as Indian businessmen/traders can be
illegally held under detention and mistreated by Chinese businessmen there.
Based on experience, there is no guarantee that legal remedies will be readily
available. The Indian media praised this announcement, and they may think that
it can teach a lesson to the people of Yiwu.
The diplomats fainting does not prove that he was maltreated. Public
opinion in India is making too much of a fuss about this incident, and Indias
foreign ministry is surrendering to public opinion.
The Indian official announcement describes Yiwu as a terrible place.
However, the newspaper contradicts that stating a great deal of foreigners stay
and do business in Yiwu, and the security of the town is obvious to all. But are
the Indian businessmen involved trustworthy? The conflict this time is the
confrontation between nationalist sentiment of Indians and the steady market
regulations of Yiwu. It is interesting to see whether Indian businessmen or Yiwu
market will lose the prestige when news of this incident spreads.
The news story says that Chinese society has no stomach to argue with the
Indian press over this incident. In fact, without the excessive reports of Indian
media and the action of the Indian embassy, the incident is only the unnoticed
news in China that will be ignored soon.
Chinese society has no prejudice against India, the paper said.
We can understand that Indian media is nationalistically hyping this
dispute. However, we dont like the unjustified way in which Indian officials
deal with Sino-Indian issues.
They always think Indian press is free, while Chinese public opinions
should be discounted. But over the incident in Yiwu, the actions of Indias
foreign ministry are full of narrow nationalism, which is not much wiser than the
editors of Indian media. Indias foreign ministry should remember that
Sino-Indian friendship needs common efforts to be maintained, the newspaper
maintained.
Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Indian traders need to get rid of bad habit of defaulting in doing business in China
Yiwu in Chinas Zhejiang province is the largest small commodity distributing center in East Asia and is also famous in the world. Indian embassy swayed by nationalism, was the headline of mass circulated English language newspaper Global Times, stated that the Indian media has been hyping the collapse of an Indian diplomat in a court in Yiwu. Even the Indian foreign minister reacted to the news and small-scale protest held in New Delhi.
The details of the incident are still not clear. The story seems to be that two Indian businessmen owed money in Yiwu, and were, according to the Indian media, held hostage by their Chinese partners for three weeks.
An Indian diplomat attended a court in Yiwu to try and get the local
police to rescue the two businessmen. The Indian media reported that the
diplomat suffered from diabetes and that officials refused to allow him to eat
or take his medicine in the court for seven hours, which resulted in him fainting. However, the local authorities dispute this claim.
Meanwhile, the Indian embassy in China has warned all the Indian
businessmen not to do business in Yiwu, as Indian businessmen/traders can be
illegally held under detention and mistreated by Chinese businessmen there.
Based on experience, there is no guarantee that legal remedies will be readily
available. The Indian media praised this announcement, and they may think that
it can teach a lesson to the people of Yiwu.
The diplomats fainting does not prove that he was maltreated. Public
opinion in India is making too much of a fuss about this incident, and Indias
foreign ministry is surrendering to public opinion.
The Indian official announcement describes Yiwu as a terrible place.
However, the newspaper contradicts that stating a great deal of foreigners stay
and do business in Yiwu, and the security of the town is obvious to all. But are
the Indian businessmen involved trustworthy? The conflict this time is the
confrontation between nationalist sentiment of Indians and the steady market
regulations of Yiwu. It is interesting to see whether Indian businessmen or Yiwu
market will lose the prestige when news of this incident spreads.
The news story says that Chinese society has no stomach to argue with the
Indian press over this incident. In fact, without the excessive reports of Indian
media and the action of the Indian embassy, the incident is only the unnoticed
news in China that will be ignored soon.
Chinese society has no prejudice against India, the paper said.
We can understand that Indian media is nationalistically hyping this
dispute. However, we dont like the unjustified way in which Indian officials
deal with Sino-Indian issues.
They always think Indian press is free, while Chinese public opinions
should be discounted. But over the incident in Yiwu, the actions of Indias
foreign ministry are full of narrow nationalism, which is not much wiser than the
editors of Indian media. Indias foreign ministry should remember that
Sino-Indian friendship needs common efforts to be maintained, the newspaper
maintained.
Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Indian traders need to get rid of bad habit of defaulting in doing business in China
, not worth discussing
