Friday, January 22, 2021
Home News Reports Chinese state media resorts to publishing blatant lies to convince themselves that 'boycott china'...

Chinese state media resorts to publishing blatant lies to convince themselves that ‘boycott china’ is not working

A combination of government policy and popular demand to boycott Chinese goods, the impact was clearly profoundly felt during Diwali sales which went up by a significant margin despite a boycott of Chinese goods.

On the 23rd of November 2020, Chinese state media, The Global Times, published an article headlined “India isolates itself from regional growth opportunities”. In the article, China essentially claimed that Indian traders are finding it difficult to shun Chinese products because of the low quality of locally manufactured products.

At the very outset of the propaganda article, Global Times says, “China showed a relatively resilient pace, with its share increasing in India’s total imports during recent months despite the COVID-19 pandemic and India’s constant undermining of bilateral ties. According to India’s Department of Commerce, Chinese products took 18.3 percent of its total imports from April to September, up from 14.6 percent in the same period last year, contrary to the Modi administration’s intention to reduce reliance on its largest trading partner and be self-reliant”.

However, this assertion is factually incorrect on various counts. China’s share of imports is 11.8% between April-September 2020 versus 10.5% during the same period last year, said sources within the government. Furthermore, overall imports from China have fallen by 24.5% while Indian exports to China have increased by 26.3% during the same period.

GT further claimed in the propaganda article, “Indian traders and manufacturers are struggling to end reliance on Chinese goods, partly thanks to a lack of high-quality, locally made alternatives.” That appears inconsistent with developments on the ground. The Confederation of All India Traders announced a boycott of a host of Chinese goods but that did not affect them adversely at all.

During Diwali, the CAIT recorded sales to the tune of Rs. 72,000 crores, up by 10.8% compared to the previous year. At the same time, China was estimated to have suffered a loss of Rs. 40,000 crores. Thus, we see Indian traders recording a significant increase in sales despite an organised boycott of Chinese goods.

Of course, the Diwali developments are consistent with the reports that have been coming in since September. It was reported in September that India’s trade with Hong Kong and China had fallen by over 7% in fiscal year 2020, the steepest fall since FY13. Import substitution of electronics such as TVs, refrigerators, smartphones and washing machines resulted in a drop of $1.5 billion in Chinese imports.

Thus, China’s terrible handling of the pandemic combined with its aggressive military posturing has affected the ties between the two countries. Following the clash between India and China at Galwan, the Indian Government has made a deliberate effort towards curtailing the influence of China in the Indian economy. However, there was a trend in motion even prior to this. FY20 was the first time ever that trade with mainland China declined for two consecutive years.

Trade deficit between the India and mainland China has been on the decline as well. In 2017-18, it had hit a high of $63 billion but it is now under the $50 billion mark for the first time in five years. The monthly trade deficit shows a similar trend. In March, it was at $1.816 billion, the lowest ever since December 2010 when it stood at $183.7 million.

There’s a clear pattern here that is only likely to be exacerbated further going forward. Indicative of the fact, in FY19, Indian trade volume with the USA surpassed that with China. Between April-September 2020, Chinese imports have continued to fall.

A combination of government policy and popular demand to boycott Chinese goods, the impact was clearly profoundly felt during Diwali sales which went up by a significant margin despite a boycott of Chinese goods. With sustained effort over a period of time, the impact will be even more profoundly felt in the days to come.

Apart from banning Chinese apps, the Union Government also gave the call for ‘Atmanirbhar Bharat’ and initiated the ‘Vocal for Local’ campaign with an eye towards boosting domestic industries and also on denting Chinese imports. At the same time, the people of the country, roused by nationalist fervour, were also determined to boycott Chinese goods.

Praveen Khandelwal, national secretary general, CAIT, told Business Today in September, “Our target is by December 2021, we should reduce imports from China by upto Rs 100,000 crore ($13.3 billion),” before adding, “The Indian consumer does not want to buy Chinese goods anymore. He is concerned with the spread of the virus and its impact on the Indian economy as also with the transgressions by the Chinese army on our border. We support them in this cause and will encourage them to buy local products.”

China, quite obviously, is desperate to avoid such a scenario and therefore, it is resorting to what it does best, bullying. Despite its claims to the contrary, it’s clear that Indian traders and citizens are more than willing to endure hardships and pay more in the relative short-term in order to move away from Chinese products in the long-term.

China recognizes that it is not a knee jerk response due to its handling of the pandemic but a conscious policy approach that the Indian government is extremely unlikely to sway away from. The Galwan Valley clash further cemented the resolve of the Indian populace that had turned resolutely against China since the advent of the Coronavirus pandemic. Under such a scenario, with the significant threat of losing space in the Indian market, China has decided to settle for impotent rage channelled through its government mouthpieces.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

Searched termsIndia China trade
OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

 

Related Articles

Trending now

Left-wing fury at Vir Sanghvi shows just how much ‘liberals’ hate Hindus

Vir Sanghvi published a column about the ‘shameful persecution’ of Munawar Faruqui and the ‘bogus controversy’ around Tandav

Mumbai Police denies permission to UP Police, disrupts probe in Mirzapur case as police reach to question Farhan Akhtar

UP Police is investigating case filed against makers of the web series 'Mirzapur' and their probe is being disrupted by Mumbai Police

Rajdeep Sardesai ‘baffled’ by India Today survey that shows Modi govt winning a sweeping majority if elections held today: Details

Taking to Twitter, Sardesai said that he was 'baffled' to see that despite the economic hardships resulted by the pandemic, Indians still love the Modi government.

Here is the truth about the images where medical officers from Karnataka were seen ‘faking’ Coronavirus vaccination for a picture

Did medical officers in Karnataka fake vaccination for camera? Congress makes damaging fake claims to undermine fight against Coronavirus

AIMIM’s West Bengal ally Islamic cleric Peerzada Abbas Siddiqui launches ‘secular’ party to contest West Bengal Assembly polls

Peerzada Abbas Siddiqui said that he met AIMIM Chief Asaduddin Owaisi who assured him full support in West Bengal

Protesting farmer unions reject union government’s proposal to suspend implementation of farm laws for 1-1.5 years

The decision was taken in a meeting of the protesting farmer unions today, saying that they only want the repeal of the laws.

Recently Popular

Rajdeep Sardesai ‘baffled’ by India Today survey that shows Modi govt winning a sweeping majority if elections held today: Details

Taking to Twitter, Sardesai said that he was 'baffled' to see that despite the economic hardships resulted by the pandemic, Indians still love the Modi government.

Pakistan ‘successfully’ test-fires missile injuring people, destroying houses in civil area, say Baloch leaders

Contrary to claims of Pakistani Army's successful tests of Shaheen-III Missile, several reports coming from Pakistan suggests that the test carried out by Pakistan was a massive failure as the missile landed in a civilian area in Balochistan destroying several houses and injuring civilians

Arnab vs Navika: Arnab responds to Navika’s emotional monologue, says he carried his shoes with him

Recently, Navika Kumar said that when Arnab left Time Now, she had his shoes to fill. However, Arnab gives a befitting reply.

After multiple FIRs against ‘Tandav’, makers of another Amazon Prime web series ‘Mirzapur’ in trouble, SC issues notice

The SC notice was issued following a petition complaining about UP's Mirzapur being portrayed in a bad light in the web series

Reuters’ ‘First Dogs’ video after Trump leaves White House is quite racist, especially towards India and Japan

Reuters could have used literally any other clip of Trump while speaking about dogs in White House

Niira Radia Tapes: Read how Navika Kumar was in thick with the infamous lobbyist known for brokering ministerial berths in the UPA regime

Navika Kumar had allegedly spoke to lobbyist Niira Radia over an imminent revolt within the BJP party following the 2009 General elections
- Advertisement -

 

CBI books Cambridge Analytica, alleged strategist of Congress for 2014 elections, over illegal harvesting of Facebook data in India

Along with Cambridge Analytica, CBI has filed case against another firm named Global Science Research Limited for Facebook data theft

Arrest warrant issued against journalist Paranjoy Guha Thakurta in a defamation case filed by the Adani Group: Details

Thakurta's article was first published in the Economic and Political Weekly. After EPW's owners took down the article it was published on The Wire.

Left-wing fury at Vir Sanghvi shows just how much ‘liberals’ hate Hindus

Vir Sanghvi published a column about the ‘shameful persecution’ of Munawar Faruqui and the ‘bogus controversy’ around Tandav

Mumbai Police denies permission to UP Police, disrupts probe in Mirzapur case as police reach to question Farhan Akhtar

UP Police is investigating case filed against makers of the web series 'Mirzapur' and their probe is being disrupted by Mumbai Police

Twitter refused to take down child porn because ‘it did not violate company policy’, sued by sex trafficking victim

The now 17-year-old victim has filed a lawsuit accusing Twitter of allowing the child sexual abuse material be circulated and shared on their platform for months, despite complaints, and refusing to take it down.

Members linked to George Soros and Muslim Brotherhood to now decide the fate of Donald Trump’s Facebook account: Details

Twitter and Facebook had suspended account of Donald Trump because they believed that he would incite further violence post Capitol Hill

Lucknow: Blood-soaked body of Hindu priest found inside temple, investigation on

The elderly priest was found lying in a pool of blood in his hut. There were injury marks on the back of his head.

Rajdeep Sardesai ‘baffled’ by India Today survey that shows Modi govt winning a sweeping majority if elections held today: Details

Taking to Twitter, Sardesai said that he was 'baffled' to see that despite the economic hardships resulted by the pandemic, Indians still love the Modi government.

Here is the truth about the images where medical officers from Karnataka were seen ‘faking’ Coronavirus vaccination for a picture

Did medical officers in Karnataka fake vaccination for camera? Congress makes damaging fake claims to undermine fight against Coronavirus

“BJP will ban burqa, beard, skullcap, azan”, says AIUDF chief Badruddin Ajmal after forming alliance with Congress and Left to defeat ‘communal BJP’ in...

Badruddin Ajmal alleged that if BJP comes to power in Assam again, it will destroy mosques, and put several restrictions on Muslims

Connect with us

245,563FansLike
496,912FollowersFollow
22,900SubscribersSubscribe