Singapore's Lianhe Zaobao reported a striking news on December 24: Indian authorities have arrested two executives of the Indian branch of Chinese mobile phone maker Vivo in the name of fighting financial crime. This move has aroused widespread concern in the international community and has also made waves in the economic and trade relations between China and India.
It is reported that the two executives of the ** this time are the interim chief executive officer (CEO) and the chief financial officer (CFO) of vivo India, who were taken to a court in New Delhi on the same day and subsequently sent to the Enforcement Directorate for detention. Reuters reported that the two executives will appear in court on the 26th.
The arrests come against the backdrop of India**'s increased scrutiny of Chinese companies and investments since 2020. According to statistics, since the beginning of 2022, a number of Chinese manufacturers, including Huawei and Xiaomi, have been investigated by the relevant departments of India. In addition, India** has banned more than 200 Chinese mobile apps such as TikTok and WeChat since June 2020.
Vivo was deeply shocked by the arrest. A company spokesperson said: "The recent arrests show that harassment continues, creating uncertainty for the industry as a whole. We will resolutely use all legal avenues to resolve and challenge these allegations. ”
This incident has undoubtedly brought new challenges to the economic and trade relations between China and India. In recent years, China and India have become increasingly close in the economic and trade fields, but they are also facing many problems and challenges. The arrest has not only had a negative impact on the economic and trade cooperation between the two countries, but has also aroused the international community's concern about the economic and trade relations between the two countries.
For India, it remains to be seen whether the arrest will trigger broader economic and trade frictions and confrontations. At the same time, it also reminds other countries to be more cautious and vigilant when engaging in economic and trade cooperation with China.
In the future, China and India need to strengthen communication and cooperation on the basis of equality and mutual benefit, and jointly promote the healthy development of economic and trade relations between the two countries. At the same time, the international community should also strengthen cooperation to jointly address challenges and problems in the economic and trade fields and promote the prosperity and development of the global economy.