Saturday, July 23, 2022

India's economic pushback against China' business infiltration of the Indian market

Wow! This is huge! Indian authorities are accusing major Chinese companies of massive tax evasion and import duty fraud totaling billions of dollars!
Chinese smartphone makers obliterated Indian smartphone makers in the last 9 years. Other Indian companies in other markets were crowded out as well.
India is reducing its considerable dependence (> 90%) on Chinese pharmaceutical intermediate products.



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