Refusal to pay the balance of 42.8 billion, India violated!The United States supports it, and American companies are caught in a "trap"?
India's 4.8 billion assets of Chinese companies are "repeated".
This comes just after India sued a Chinese company under its Foreign Exchange Management Act, accusing it of transferring large amounts of cash abroad.
In addition, India has also frozen the bank accounts of all companies at one time, totaling 4.8 billion yuan. After a series of detailed and in-depth studies, the Indian law enforcement agency concluded that the previous accusations were consistent with the real situation, that is, the money was impossible to recover.
The Chinese company strongly rejected India's accusations, saying that although the Indian market has encountered many difficulties and challenges, they have always followed each other's regulations and have never violated a single rule. However, no matter how big a Chinese company moves, India** will not let it leave the local market.
Now that India is urging the three major World Banks, including Citigroup, HSBC and Deutsche to fully support and implement this, this "ransac" is like a blatant "ransac" for them.
On top of that, the deal accounted for 56 percent of the previous year's profits for Chinese companies7%, which is undoubtedly a huge loss for this company. It has entered the Indian market as early as a few years ago and occupies the first position in smartphone sales in India with its high-quality and inexpensive products.
Some time ago, a few years ago, many China Mobile's ** products represented by the company suffered frequent setbacks in the Indian market. India's ** often goes to Indian stores, either to investigate the executives, or to impose fines on them, making many manufacturers who set up factories in China miserable and complaining.
India will eventually pay for its stupidity.
However, it is important to note that India's overall global impression has taken a heavy hit. The state often imposes hefty fines on foreign investors, which can be described as "making money in India, spending money in India, spending money at home." ”
I think you will remember the punishment of Xiaomi in India in MayThis huge fine actually evaporated all of Lei Jun's profits in the past year.
In fact, Xiaomi is not the only multinational company that has been deceived in India. Also, many famous companies like Microsoft, IBM, Walmart, Amazon, Google, Samsung, etc. Not only does India not bully, but it also dares to challenge all powers, even the dignity of the United States.
The controversy over Xiaomi's hefty $4.8 billion fine is not over, with Foxconn abruptly halting its $19.5 billion acquisition of a joint venture with India earlier in July. originally planned to rely on the tactics of "getting something for nothing" to make a profit, but in the end he was afraid of being attacked by the white wolf. Since Foxconn has not received funding from India**, the best choice they have made is to minimize the damage as soon as possible.
In this smokeless race, China's BYD is actively defending its rights. It has long been known that India wants to buy buses in full, and Singapore's "Lianhe Morning Post" published a report on July 29 saying: According to ***BYD, it has informed the Indian joint venture company that it wants to cancel a billion-dollar pure electric vehicle research and development plan. 」
India, conceited and insatiable, will end up reaping the consequences of its reckless and reckless actions.
India is targeting Huawei.
India is a developing country that is not yet fully developed, its domestic network construction and coverage are relatively low, and the number of users in this region is quite limited.
It is undeniable that India has become one of the most promising countries in the world due to its largest population in the world, which has also attracted the attention of many companies.
Huawei Group has made significant investments in the Indian market for several years and has established strong and close strategic partnerships with businesses such as 4G and previously mobile communications. Huawei has become more prominent in exploring its potential areas, not only by giving its high-end communications equipment to India, but also by providing network infrastructure throughout the process.
Unfortunately, despite Huawei's great enthusiasm and sincerity in helping India accelerate its Internet development, India has sided with the United States and launched a series of repressions against Huawei, and now it has completely excluded Huawei and ZTE, and has not allowed them to participate in the construction of India's 5G network, all of which indicate that India wants to curry favor with the United States through such a move.
Since the beginning of 2019, India has been putting pressure on Huawei, often preventing its domestic telecommunications companies from purchasing Huawei's communications products.
It was not until the beginning of this year that India removed Huawei from the "trusted list" it created, which further indicated that India would not engage in 5G business with Huawei, and officially expressed its support for the United States.
Whether it is because of India's economy and technology, or because of the support of the United States, there is no reason for India to sever relations with Huawei, whether it is 5G or 4G. It is precisely because of this that India** has fallen into a rather embarrassing situation.
The way of doing business in India is that even the gods have to bow down.
For example, 36 developed by India against France"Gusts of wind"Initially, India was supposed to pay each other within the first few months, totaling $3 billion.
Now, seeing that the last money is about to arrive, India has defaulted again. According to the established contract, any foreign currency will be paid in US dollars or euros, but India** has announced that they will only pay in Indian rupees. If the other party is unable to accept it, India** will place a freeze on the subsequent payment account.
Clearly, the accident is a wake-up call for multinational companies that want to do business with India. But it is inconceivable that the United States** is not only not vigilant, but also vigorously supports local companies to do business in the Indian market.
BYD (BYD) was reluctant to buy a new car in India, because the buyer only paid 10% of the total value of the sale, and the United States** offered to give the money to India without reservation.
But in the final analysis, the main purpose of the United States is to do two things: one is to establish closer relations with India, but the deeper purpose is to challenge China's monopoly with the help of India's huge manufacturing power. Second, they want to cut off orders from multinational automakers such as BYD for new energy vehicles in India, so as to enhance the competitiveness of local companies for new energy vehicles.
In short, the U.S. saw that India's new bus market had great prospects, so they spent 3$900 million** for other multinationals looking to boost their company's revenues in the industry.
For me, though, while the U.S. plan is perfect, its real-world actions have a good chance of getting U.S. companies into trouble.
India's money is taken out of the pockets of the Americans.
In the early 1980s, overall wages in the United States rose sharply, but due to high labor costs, many American entrepreneurs moved their jobs to other places such as China and India, especially in customer-oriented industries such as customer service, which were monopolized by Indian employees.
At first, the local residents of the United States couldn't stand the thick curry English of the Indian customer service staff, and the particular accent made them uncomfortable. But over time, they got used to the magical sound.
Since then, customer service in India has become a job for the American people, and it also involves paying utility bills, as well as insurance advocacy, etc. Statistics show that about 1.2 million Indian employees use their mobile phones to communicate with Americans every day. At that time, if someone asked an Indian kid what he wanted to do in the future, they might say, "My biggest dream is to do a good mobile phone business for Americans, so that I can not only make more money, but also get more respect." However, it was not long before Philippine competitors snatched the market, which was monopolized by Indian companies.
However, the Indians have achieved a lot in the American market, and they will certainly not be satisfied with this. As a result, they dig deeper into the needs of customers and find the biggest problems of users.
Undoubtedly, the most feared thing for Americans is the tax office. Here it is necessary to point out a passage from the American film "The Godfather": We, the ** party members, except for the Internal Revenue Service, are not afraid**. If there are only two guns, then the tax office will find out that we are evading taxes and will confiscate all our deposits. "So, whether it's a politician or a criminal in general, when it comes to the tax office, they will tremble with fear.
This important clue was spotted by Indian employees, who imitated the tax bureau by sending various text messages to the American people: "You have been included in the list of tax evaders, we will rush to your residence in half an hour, and if you do not pay on time, you will be detained." ”
Many innocent people, under such threats, will cry. But for the sake of money, they do everything. Some wealthy people who have been cheated have been cheated out of hundreds of thousands of dollars at a time.
Conclusion. Let's be honest and say that no one has the slightest mercy for India's current suffering. India's suppression of China's Xiaomi and other smartphone manufacturers some time ago is enough to show that India also needs to learn some appropriate experience;If it wants to give India a strong counterattack, the most suitable person is the United States.
When American companies enter the Indian market, we just need to sit back and watch the tiger fight.
It is important to note that regardless of the change in the stance of India or the United States, our company must also recognize the reality and not trust foreign companies, especially in the context of fierce competition. Without state-of-the-art technology, without state-of-the-art technology, you will be bullied.
Therefore, China's semiconductor industry must firmly adhere to the path of independent research and development, while the "compradorist" path adopted by India will not work at all, because doing so will only make it easier for it to be "choked" by the United StatesIt is hoped that Chinese enterprises can have a clear understanding of this and keep in mind that only with their own core technology can we truly be self-reliant and self-reliant. What do you think about this?Your comments and comments are welcome!