Effect of their Financial transaction investigations
New Delhi – Centre is investigating Financial Transactions of Chinese Establishments. On one hand Chinese establishments Xiaomi, Vivo and OPPO have been raided in the last few days and 300 Chinese Apps have been banned in the last year. Therefore, Chinese Establishments are trying to move to other countries. Some opine that since labour charges in India are increasing incessantly the Chinese are thinking of transferring their business to neighbouring countries.
भारत सरकार की कार्रवाई से घबराहट में #ChineseCompanies, दूसरे देश में #ManufacturingPlant लगाने की कर रही तैयारीhttps://t.co/SkspFgQ0CP
— India TV Hindi (@IndiaTVHindi) September 18, 2022
Mouthpiece of China Government ‘Global Times’ reported that Chinese are thinking of shifting their business to Egypt, Nigeria, Bangladesh and Indonesia. Chinese production projects have also being setting up in these countries. India might suffer great financial setback if Chinese Establishment leave India.
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