New Delhi (Sputnik) — The ongoing border tension between India and China has spilled over to the economic sector with India imposing anti-dumping duties on a new list of ninety-three ‘Made in China’ products.
China’s state run Global Times said in a report that Chinese companies could resort to retaliatory measures putting restrictions on imports from India. The paper also warned that the development does not augur well for India as it may result in a massive cut in investments in India by Chinese firms.
The goods listed for anti-dumping measures include chemicals and machinery including steel and other metals, fiber, yarn rubber, plastic, electric, electronics, and consumer goods.
According to official estimates, India’s imports from China in 2016-17 have marginally dipped to $ 61.28 billion as compared to $ 61.7 billion in 2015-16.