India is once again taking a shot at Chinese companies.
On December 26, two senior employees of Vivo's Indian branch appeared in court after they were arrested by India's Financial Crime Fighting Agency on charges of "anti-money laundering investigations".
This is at least the third time in the past two months that India has taken a shot at vivo India. In October, India's financial law enforcement agency arrested four industry executives, including a Chinese employee at vivo's Indian branch, on suspicion of money laundering.
Vivo said it was "deeply shocked" by India's move, and pointed out that India's recent arrests show that "harassment continues, bringing uncertainty to the entire industry." vivo will resolutely use all legal avenues to resolve and challenge these allegations.
Chinese spokesperson Mao Ning also responded on December 25 that China urges the Indian side to fully understand the mutually beneficial and win-win nature of China-India economic and trade cooperation, and provide a fair, just, transparent and non-discriminatory business environment for Chinese enterprises to invest and operate in India. The Chinese Embassy in India will continue to provide consular protection and assistance to the Chinese citizens concerned in accordance with laws and regulations.
In fact, it has not been a day or two since India has "lowered" its investment in Chinese enterprises and enterprises. Since 2020, the Indian side has repeatedly carried out unwarranted suppression of Chinese companies in India under the banner of so-called "tax evasion and illegal remittance".
Zhou Mi, a researcher at the Institute of International Economic Cooperation of the Ministry of Commerce, pointed out that in the relationship with the investor country and the host country, enterprises are in a weak state. Policies in the Indian market are volatile, and Chinese companies need to take them into account when investing.
Zhou Mi said that Chinese enterprises, including "Made in China", have helped many countries improve their positions in the global value chain and industrial chain, while the arbitrariness of India's policies towards Chinese enterprises may bring risks to the economic and trade cooperation between the two countries.
Take a look at the news knews editor: Ma Yingying).