kankan326
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1, China has full right to adopt revenge methods. Not by banning imports from India. But by banning exports to India.
2, From US banning semicondutors exports to China and Japan banning critical chemical products exports to S.Korea cases we can see baning exports hurts more than bannng imports. Banning imports can cause exporters' money loss. Banning exports can paralysis importer country's industries.
3, How badly it could hurt India? Besides finished products, India is importing millions of parts, tons of materials from China. Which involve most Indian industries. Drug industry for example, Drug industry is one of few Indian industries that are competitive in international market. 70% drug materials used by Indian drug companies are imported from China. If China raises export ban, Indian companies can not find substitutions, not in short time, but rather long period. And during the pandemic time, the damages could be even worse.
4, For those industries that India can find substitutions from domestic market or other countries. The costs will remarkably rise because of absence Chinese parts or materials, which are alway best in prices. As a result made-in-India products will be less competitive in world market.
2, From US banning semicondutors exports to China and Japan banning critical chemical products exports to S.Korea cases we can see baning exports hurts more than bannng imports. Banning imports can cause exporters' money loss. Banning exports can paralysis importer country's industries.
3, How badly it could hurt India? Besides finished products, India is importing millions of parts, tons of materials from China. Which involve most Indian industries. Drug industry for example, Drug industry is one of few Indian industries that are competitive in international market. 70% drug materials used by Indian drug companies are imported from China. If China raises export ban, Indian companies can not find substitutions, not in short time, but rather long period. And during the pandemic time, the damages could be even worse.
4, For those industries that India can find substitutions from domestic market or other countries. The costs will remarkably rise because of absence Chinese parts or materials, which are alway best in prices. As a result made-in-India products will be less competitive in world market.
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