04:52 GMT06 August 2021
Listen Live
    Asia & Pacific
    Get short URL

    A trade war seems to be looming between India and China after the imposition of anti-dumping duties on Chinese products by the Indian government.

    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.

    Various political outfits and trade unions in India have been demanding a total boycott of Chinese goods since quite some time to guard the domestic industry against a surge in below-cost imports.

    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.


    India Tries to Reinforce Ties With Nepal While Watching Its Standoff With China
    India Forces Deny Having Evacuated Border Villages Fearing Chinese Attack
    Himalayan Standoff: China, India Have 'Enough Wisdom to Resolve It Peacefully’
    India, China, trade war, economy, border conflict, tensions
    Community standardsDiscussion