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Boycott Chinese products : Indian Saint request stop using Chinese Product

Boycott Chinese products : Indian Saint request stop using Chinese Product

Boycott Chinese products

It is a slogan, coined in social media, that advocates a boycott of Chinese products. Not only India but also Philippines and Vietnam raised their voice on this issue. It left a sense of tension on the face of China. It is gone viral over social media after China’s stand on the issue of Maulana Masood Azhar, leader of the militant group Jaish-e-Mohammed active in Kashmir, who is accused of committing terrorist acts in India. China is one of countries  who helps  Pakistan to spread violence against India. These are the main reasons to boycott Chinese products.

 

 Although Chinese media is claiming to prove that ‘Indians’ boycott’  “hasn’t achieved success”

Chinese media also claims that instead of getting ignored, Chinese products ‘hit a new record’ in India. They know that Chinese companies need Indian market more than India needs them. Being aware of the fact they did not mention that the percentage of consuming Chinese goods in India is gradually decreasing. China’s shaky voice of announcing their success on the issue of boycott eventually displays    own nervousness of China.

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Comparing to the last year it is counted that about thirty percent of Chinese goods consumption is declined. It is a healthy sign for Indian companies as well as Indian economy. Our Indian consumers will now achieve self-reliance and avail the western products as well. And India has all the resources to boycott Chinese products.

China  has been desperately trying to overcome. But the people of India are consistent and seriously focused on this issue.

Indian politicians are currently leading a campaign to boycott Chinese goods. But an IndiaSpend analysis shows why this will fail: China is India’s largest trade partner, a sixth of India’s imports are Chinese, up from a 10th in 2011-12, while India’s exports to its rival have halved over the same period.

Boycott Calls Against China

AP

Imports from China grew at 20 per cent over two years and 5 per cent over five years, to $61 billion.

These goods range from power plants and set-top boxes to Ganesh idols. This is despite the fact that India’s imports have generally fallen over the last five years from $490 billion (Rs 32 lakh crore) to $380 billion (Rs 25 lakh crore) –because of a fall in global oil prices.

India’s exports to China have fallen from $18 billion (Rs 86,000 crore) in 2011-12 to $9 billion (Rs 58,000 crore) in 2015-16. Apart from cotton, copper, petroleum and industrial machinery, India does not export much to China. This means that India buys six times the merchandise it sells to China.

Cellphones, laptops, solar cells, fertilisers, keyboards, displays and communication equipment — including earphones — these are India’s chief imports from China, according to our analysis of Ministry of Commerce data.

Other major imports from China include tuberculosis and leprosy drugs, antibiotics, children’s toys, industrial springs, ball bearings, LCD and LED displays, routers, TV remote controllers and set top boxes.

Boycott Calls Against China

indiaspend

Despite this, political leaders, including Sharad Yadav of Janata Dal (United) from Bihar, Himanta Biswa Sarma, the newly-inducted Finance Minister of Assam, and Anil Vij, Health Minister of Haryana, are appealing for a boycott of “Made in China” goods.

Yadav, for instance, recently said: “Balance of trade between our country and China has become imbalanced which will be very harmful and dangerous for our domestic industry.”

“People should not buy Chinese goods. Instead, Indian goods should be used. Trade with China is affecting our country. China is not our friend nation. China can buy weapons with whatever money it earns. There is a possibility that the weapons are given to enemy countries… We should focus on Make in India,” Vij was quoted as saying by the Indian Express.

Boycott Calls Against China

PTI

Stagnating indices for the manufacturing sector show that India is still struggling to compete with China. Despite a record foreign direct investment of $55 billion in 2015-16, private investment in manufacturing is still sluggish.

IndiaSpend visited Manish market, the hub of imported Chinese goods in Mumbai’s heart. Chinese products here are cheaper, available in bulk, neatly packaged and easy to buy.

“If the 50 different types of LED lamps that I sell were available from say, Surat, at a cheaper rate and at my doorstep, why would I go for Chinese lamps?” asked a lamp distributor and retailer, requesting anonymity. “If I had to buy these in India, this collection would cost me double.”

China moved forward with rapid market reforms from the 1980s, propelled by the establishment of special economic zones. Land and labour reforms helped it ramp up its production capacity. The result is that India’s iron, steel and fertiliser production is a 10th of China’s.

Boycott Calls Against China

indiaspend

China’s export story is also driven by ease of market access. Take the example of Sumant Kasliwal, who runs an apparel e-commerce start-up in Mumbai. After two years of shopping for merchandise in India, he switched to China two years ago. His sales have tripled since.

Customers rarely have to waste time in China searching for markets and products, said Kasliwal. It took him less than a week to buy a three-month consignment that ranged from jewelry to fabric.

“Even small market-towns like Yiwu — comparable to Varanasi in terms of population have a one-stop, dedicated market for all consumer durables, from fashion to home accessories, with cost and quality options,” he said. “In India, it would take us weeks. http://www.indiatimes.com/news/india/boycott-chinese-products-might-sound-good-but-here-is-why-it-will-fail-263417.html

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