Recently, the head of the Chinese company vivo in India has attracted international attention for his alleged money laundering** case. However, during the trial, Indian prosecutors submitted a confidential letter asking the judge to keep it confidential, a move that raised questions from the outside world. This is not the first time that Chinese companies have faced difficulties in India, which has launched an investigation into Xiaomi and froze funds, while ZTE India's employees have had to leave due to visa issues. India has unscrupulously suppressed Chinese companies, and used various means to create trouble for Chinese companies, and even banned the import of Chinese products on the grounds of ***. In the face of India's approach, China has acted at the national level and sent diplomats to provide assistance to Chinese citizens. However, due to the large surplus between China and India, China's countermeasures are limited. But China can still respond by raising export taxes, for example. In addition, Chinese companies need to unite and prepare for the worst to avoid being held hostage.
Indian prosecutors have sparked international attention by accusing Vivo of being involved in money laundering. However, in this trial, Indian prosecutors submitted a secret letter asking the judge to only see it for himself, which caused speculation on all sides. India has unscrupulously suppressed Chinese companies, and Xiaomi has been investigated and its funds frozen. At the same time, ZTE India employees were unable to obtain visa extensions and were forced to leave India. India has also created problems for Chinese companies in various ways, including through the use of card visas and card permit documents. In addition, India has also banned the import of key products from China on the grounds of ***, or forced Chinese companies to move to India by increasing tariffs. These tactics are jaw-dropping, and India is bound to want to force Chinese companies out of the Indian market.
However, these Chinese companies will not make low-level mistakes such as money laundering. India's real purpose is not to fight money laundering, but to suppress Chinese companies.
China has taken action at the national level, sending diplomats to provide assistance to Chinese citizens, while expressing firm support for Chinese companies to protect their legitimate rights and interests. However, due to the large surplus between China and India, China is relatively limited in its countermeasures against India.
However, despite its limited means, China can respond in other ways. One way is to take measures such as raising export taxes to weaken India's demand for Chinese products and make it remember the reality. In addition, China's overseas companies should also unite to build a fighting spirit and prepare for the worst to avoid being held back. Of course, China cannot trample its international credibility under its feet, and needs to be cautious to avoid triggering a bigger conflict.
India's crackdown on Chinese companies is indeed worrying. Vivo is not the only company that is facing difficulties, there are other Chinese companies that are also facing similar problems. Judging from India's various actions, it can be seen that its real purpose is to suppress Chinese enterprises and hinder the development of Chinese enterprises in the Indian market by unscrupulous means. China has already acted at the national level and sent diplomats to provide assistance to Chinese citizens. However, due to the large surplus between China and India, China's countermeasures have been limited. In response to India's actions, China could respond by raising export taxes. In addition, Chinese companies should also unite, build a fighting spirit, and prepare for the worst to avoid being held hostage. Only in this way can we truly safeguard the interests of Chinese enterprises and ensure their development in the international market.