Xiaomi asks India to lift the ban, and the US high-level opens a breakthrough for Chinese companies!
Some time ago, the United States continued to put pressure on India's top brass to open up its market, even if it was to change its image. "India's biggest competitor is Vietnam, not China. ”
They argue that if India is to increase production, it needs to reform import tariffs and open up markets. Perhaps this is pressure from the United States, or perhaps India has realized that they have to change their tax rates.
It can be seen that India is catering to the attitude of the United States, reducing some key parts such as battery covers, lenses, antennas, etc., from the original 15 percent to 10 percent. It is clear that this move by India is a significant development for senior US leaders, as well as for Chinese companies. Although India's manufacturing sector is booming, many of its major components still need to come from the Chinese market.
It is precisely because of such positive information that Xiaomi will enter this market.
Xiaomi said in an open letter that due to the strict control of Chinese companies in India, some of its smartphone manufacturers do not dare to easily set foot in the Indian market. Therefore, Xiaomi has asked India to reduce the import tax rate on some smartphone parts, and has introduced a variety of preferential policies to support the development of local parts production in India. In a letter, Xiaomi expressed its hope that India would lift restrictions on Chinese companies.
This statement from Xiaomi has been doubted by many. Xiaomi has shown reluctance to the Indian market; Xiaomi, on the other hand, wants to break into the Indian market and strengthen its own ** chain. In this environment, India is still unfriendly to Chinese companies, as Xiaomi mentioned, and Chinese mobile phones were previously firmly controlled. It is true that Indian-made products are struggling to catch up with China's production.
As a result, Xiaomi inevitably encountered a lot of controversy.
However, as far as I know, Xiaomi is now able to compete with many of the Chinese Mobile** that have entered the Indian market.
Before that, the five largest five mobile phone manufacturers, only Samsung was an exception, and the remaining four were all Chinese, with a combined market share of more than 50%. From this point, it can be seen that China's mobile ** still has a huge space of interest in India, and they want to gain a foothold in the world, no matter how good their foundation is, they will not be so easy to give up the Indian market.
Against this backdrop, if China's mobile** companies are to be more successful in India, they must loosen their grip on Chinese companies and allow them to grow smoothly. To put it bluntly, with so much productivity, isn't it possible to take everything back? As Samsung and Apple have done, the production of domestic smartphones in India has also grown considerably.
Secondly, if Zibaki (one of the products made in China) does not enter the Indian market to expand production, then we will not really be able to reverse the growing status quo of the Indian production chain. In line with this trend, many companies have chosen to build factories in India. In addition, due to various external reasons, although they are reluctant to withdraw from India, they have chosen to diversify their strategies, and the production capacity center is slowly shifting to India and Vietnam.
Could we benefit from India's reduction in import taxes from Africa? In short, it shows that even across the entire chain, Africa's manufacturing industry is still the world's main core.
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