Global Conflict's video: Indian Crackdown hinese Media

Indian Crackdown से ₡hinese Media हुआ परेशान The endless crackdowns on ₡hinese companies like smartphone brand Vivo underscore the view that India is becoming a “graveyard for foreign companies”, ₡hina’s state-run media Global Times has said. The Enforcement Directorate (ED) has arrested three senior employees of Vivo’s India unit, including the interim CEO and CFO and a consultant, under the provisions of the Prevention of Money Laundering Act. The arrests came two months after the ED arrested a Vivo employee and three others in a case of alleged money laundering, charges that the company has denied. “The unfair and discriminatory treatment of ₡hinese companies operating in India reflects that the Indian side keeps politicising economic issues,” Qian Feng, director of the research department at the National Strategy Institute in Tsinghua University, told the Global Times. India’s endless crackdowns on ₡hinese enterprises will only end up undermining bilateral economic and trade cooperation, according to the report. “By sanctioning ₡hinese companies, India aims to kick down the ladder,” said Lou Chunhao, Executive Director at the Institute of South Asian Studies in the ₡hina Institutes of Contemporary International Relations. A Delhi court has sent the three arrested top executives of Vivo India to three-day ED custody. The three accused — Vivo India interim CEO Hong Xuquan, Chief Financial Officer (CFO) Harinder Dahiya, and consultant Hemant Munjal — will now be produced before the court on December 26, on expiry of their three-day ED custody. The arrests were made in the case months after the four accused — Lava International MD Hari Om Rai, ₡hinese national Guangwen alias Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik — were arrested on October 10. According to Lou, India’s continuous crackdown on ₡hinese companies is short-sighted, as the entry of ₡hinese smartphone producers makes a contribution to India’s smartphone industry’s development by increasing market competition and reducing costs. “India has stepped up moves assaulting ₡hinese companies since 2020, such as banning more than 200 ₡hinese apps, launching so-called tax and anti-money laundering investigations into ₡hinese companies and heightening scrutiny of ₡hinese investments,” according to Dai Yonghong, Director at the Institute of Area and International Communication in Shenzhen University. India’s unilateral and protectionist moves will also have a profound impact on ₡hina-India economic and trade ties, Dai added. As the two largest developing countries in Asia, India and ₡hina should strengthen cooperation for win-win development, experts said.