Relations between India and China have been strained, to say the least. An Indian diplomat based in Shanghai fainted in court after being denied his diabetes medication, and had to be rushed to the hospital. Two Indians were tortured and detained by local traders for alleged non-payment of dues in the business hub of Yiwu. In reaction to these incidents, the Indian embassy in Beijing put out a strongly worded advisory on Tuesday cautioning Indians “not to do business with Yiwu.”
This news comes at a time when Chinese manufacturers are flooding markets around the world with counterfeit Indian products. Fake Dabur and ITC products with 'Made-in-India' tags are causing damage to brand image, and revenue losses to the tune of $5 billion.
But China is also India’s largest trade partner, with bilateral trade exceeding $60 billion in 2010 alone. While these disputes create an atmosphere of mistrust, India must maintain relations with China for her own economic survival.
This news comes at a time when Chinese manufacturers are flooding markets around the world with counterfeit Indian products. Fake Dabur and ITC products with 'Made-in-India' tags are causing damage to brand image, and revenue losses to the tune of $5 billion.
But China is also India’s largest trade partner, with bilateral trade exceeding $60 billion in 2010 alone. While these disputes create an atmosphere of mistrust, India must maintain relations with China for her own economic survival.
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