India bans another 118 Chinese apps, India's GDP plunges export risk reminder! Take precautions |
| Release time： 2023-04-18 10:13:19 Publisher： |
India bans another 118 Chinese apps, India's GDP plunges export risk warning! Strictly prevent my commodity curve from entering/planning to impose additional tariffs
In this regard, Nietzsche, the chief economist of the Reserve Bank of India, said that the Central Bank of India will not tolerate continued economic deterioration and decline, and it is expected that the Central Bank of India will still focus on economic growth. India's official: GDP data in line with expectations Krishnamurthy Subramanian, chief economic adviser to India's finance ministry, said the figures were in line with the reality that India had been under a lockdown during the April-June quarter, with the vast majority of economic activity restricted. , so the GDP data is in line with expectations.  (Screenshot from a report by India's New Delhi TV station) Niranjan Hiranandani, president of the Federation of Indian Chambers of Commerce and Industry (Assocham), also said he found the situation "not surprising", saying that India has lost a lot of business opportunities during the three-month total lockdown in response to the new crown pneumonia epidemic. He also believes that Indian society does not need to be discouraged by this GDP data, saying that such a contraction may continue until the end of this year, but the situation will not be as ugly as this quarter, and the economic recovery is not expected to appear until next year.  (Screenshot from the Times of India report) India's epidemic surpasses the world, replacing the United States as the new "epicenter" According to economic analysts, the main reason for India's economic downturn is that the new crown epidemic continues to spread in the country, seriously hurting economic activities, affecting people's income, and causing market demand to shrink.   In the early morning news of June 30, the Indian government announced in the "Indian Express", "Hindustan Times", "India Today" and other media that 59 Chinese apps, including WeChat, TikTok, Meitu, and Baidu Maps, were banned from being used in India. The Chinese apps will be banned from use on mobile and non-mobile platforms on the grounds that “these apps engage in activities that are detrimental to India’s sovereignty and integrity, national defence, national security and public order.” On September 2, it was announced that 118 Chinese mobile phone software (Apps) would be banned, including Alipay, Baidu, Youku Video, Enterprise WeChat, WeChat Reading and other APPs. New Delhi reported on August 3 that two government sources said that the Indian government is considering measures to prevent trading partners of Southeast Asian countries from exporting Chinese goods that have not added any added value to India .  India is planning to raise quality standards for imported goods, impose quantitative limits on imports, enforce strict disclosure guidelines and implement more frequent checks at ports of entry for products from various Asian countries, government officials said. The initiatives mainly target imported basic metals, electronic components for laptops and mobile phones, furniture, leather goods, toys, rubber, textiles, air conditioners and televisions . The broader restrictions are expected to primarily hurt Malaysia, Thailand, Vietnam and Singapore, all of which are members of the Association of Southeast Asian Nations, with which India has a free trade agreement, Reuters said. India is also concerned about an influx of goods from South Korea. The Indian media revealed in July that in order to prohibit the inflow of Chinese products from third countries, the Ministry of Commerce and Industry of India is promoting the rapid revision of the "Customs Act", and requires the Ministry of Finance to issue strict regulations on rules of origin and authorize customs staff to check and abuse The case of free trade agreements. India previously required 100% inspection of goods from China. Public information shows that in the past few weeks, Chinese imports have been blocked at ports including Mumbai and Chennai in India, causing many containers to pile up at the ports . In addition, due to the recent strict inspection of Chinese goods by Indian Customs, the workload of customs staff has increased significantly, which has also had a certain impact on the customs clearance of imported goods from other countries. In view of this, I would like to remind foreign trade companies that have trade relations with India recently, especially those exporting goods to India, that they must pay attention to the risk control of payment collection and delivery, and be vigilant against customs clearance at the destination port, no one picking up the goods at the destination port, buyers abandoning goods, and rejecting goods. Issues such as non-payment . |
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