As time goes on, India's crackdowns on Chinese companies have become more frequent. It's not just thatvivoOther Chinese companies have faced similar difficulties. India has used various pretexts, including money laundering, tax evasion, false accounting, and foreign exchange management law violations, to suppress Chinese companies. India has even banned hundreds of Chinese apps on the grounds of ***, which has brought huge losses to Chinese companies. These actions are not only aimed at protecting their own markets, but also at weakening the competitiveness of Chinese companies. India has even asked Chinese companies to appoint Indian executives to key positions in an attempt to control the direction of their operations and development. India's frequent attacks on Chinese-funded companies have aroused the indignation of netizens, who have asked why we don't take countermeasures
If we want to counteract, we can start from the best aspect. In fact,China and IndiaHas been relatively prosperous. Our country is India's largest partner and its value has been growing. From 2020 to 2022, the ** amount will be 77.7 billion US dollars and 125.6 billion US dollars, respectively600 million and 1359$8.5 billion. However, we are also India's largest deficit country. In 2022, China's exports to India reached 11850.2 billion US dollars, while the amount of imports from India is only 174$8.3 billion, resulting inChina and IndiaDeficitUp to 1010$200 million. But we're not worried, because we know that India is becoming more and more dependent on Chinese goods. They need to be imported from ChinaElectromechanical equipment, chemicals, electronic equipment parts and other raw materials to promote the development of their own manufacturing industry. Taking generic drugs as an example, although India has performed well in drug production, they still rely on China to import more than 70% of its pharmaceutical equipment and raw materials, because China's ** is more competitive. In addition, many ChineseImported goodsSecondary processing is carried out in India and then exported to European and American countries. The situation is similar to that of Vietnam, which is also heavily dependent on China for raw materialsElectromechanical equipmentand parts to develop the manufacturing industry, and with ChinaDeficitIt also continues to expand. So if we reduce our exports to India, it will inevitably have an impact on India's manufacturing sector, and that's where we can launch a counter.
However, the reason why we have not taken countermeasures at this time is not because we do not want to, but because it is not necessary for the time being. Blockade and suppression can only stop a country's development for a while, but it cannot stop China's developmentHigh added valueDetermination to transform the industry. We are determined to develop high-tech,High added valueindustry, and will succeed. Although the shift of low-end manufacturing is an inevitable trend, this will not affect our development. At the same time, we can take this opportunity to earn some more money to use:InvestmentsHigh-tech industries, because the investment required in these industries is huge. However, for those Chinese companies that intend to enter the Indian market, they need to be cautious to avoid encountering andvivoXiaomiand other mobile phone manufacturers have similar encounters.
Overall, India's crackdown on Chinese companies is infuriating, but we have to be sensible. At the moment, the war is not the best solution. On the contrary, we can continue to develop our own advantageous industries and improve our core competitiveness as a way to resist India's repression. We should believe that as long as we strive for development, actively adjust the industrial structure, and continuously improve the level of technology, we will successfully meet the challenges of India and other countries and achieve greater influence on the global stage.