Chinese Goods

The Sri Ram Janmabhoomi Tirath Kshetra Trust has prohibited the use of Chinese decorative items during Diwali, promoting local craftsmanship

Companies importing Chinese goods via South East Asian countries under Finance Ministry's scanner

Customs Department is likely to resume physical inspections of imports from South East Asia as importers may be flouting rules of origin norms and misusing FTA routes.

Cutting tariffs on Chinese goods benefit China, US and world: Chinese ministry

"We have noticed the recent U.S. remarks on considering cutting additional tariffs on Chinese imports. China's attitude on this issue has been consistent and clear," Shu Jueting, the ministry's spokeswoman, told a regular press conference.

India’s imports from China dropped 13% in 2020, while exports rose 16%, shows Chinese customs data

China exported about $59 billion worth of products to India from January to November, down 13 percent. The decline has slightly narrowed ompared with a 16.2 percent drop in the first 10 months of 2020

Indians need to be more firm in saying ‘No’ to Chinese products

While diplomacy, whether it is cynical or coercive, is always preferable to a military response to China’s insatiable greed for land, India must not waver in its resolve to stand up to the bully on the block

A hawkish opposition to Chinese imports is ill-founded

The impact of an India boycott on the Chinese economy is insignificant; while for India, such a boycott means a losing game

Boycott of Chinese goods may not be feasible, says chief of Indian export body

After a border clash with China in which 20 Indian soldiers were killed, there are growing calls in India to shun Chinese products.

US says China trade deal has no agreement to reduce tariffs

The joint statement from the Treasury and the US Trade Representative's office said "there is no agreement for future reduction in tariffs. Any rumours to the contrary are categorically false."

US may extend tariff suspensions on Chinese goods worth $34 billion

The USTR, the lead U.S. trade agency, said it would take comment on the proposed tariff suspension from Nov. 1 to Nov. 30. The USTR said in December 2018 that, at the request of U.S. importers, $34 billion in Chinese goods would be exempt from 25% tariffs first set in July of 2018.

Commodities@Moneycontrol | Global markets hit by Trump’s tariff threat to China

Here's a roundup of the key happenings in the commodities market.

Donald Trump threatens to raise tariffs on Chinese goods to 25%, up from 10%

President Donald Trump asked the US Trade Representative to consider increasing the proposed tariffs to 25 per cent from the planned 10 per cent, USTR Robert Lighthizer said yesterday.

Kumaraswamy proposes 'Compete with China' scheme in maiden Karnataka budget

Karnataka Chief Minister HD Kumaraswamy announced that a total of eight lakh jobs are expected to be generated under the scheme, for which government would provide Rs 14,000 crore investment in the coming year.

Sale of Chinese goods may drop 45% this Diwali: Survey

Chinese products had recorded a 30 per cent decline in sales last year on Diwali, the festival of lights which coincides with the Hindu New Year.

Baba Ramdev calls for boycott of Chinese products

Addressing a gathering after hoisting the tricolour on a 100 feet-high flagstaff at the Patanjali yogpeeth on the Indepedence Day, he said China only understands the "language of aggression" and India should first try to defeat it economically.

Govindacharya's outfit calls for boycott of Chinese goods

The outfit, Rashtriya Swabhiman Andolan, will be launching a nationwide campaign, 'Say no to China - Be Bhartiya buy Bhartiya' from today, an office-bearer said here.

China warns of impact on India-bound investments from boycott

China also asserted that any such boycott would not have much impact on its exports, but "without proper substitutes, the biggest losers of the boycott of Chinese goods will be Indian traders and consumers".

Goods boycott: CAIT slams China daily's 'bark' remark

The Confederation of All India Traders (CAIT) termed the remark as "great insult" to India and urged people to refrain from buying Chinese goods this Diwali.

Xiaomi sells record 1 mn handsets in India in 18 days: Report

The Beijing-based company now aims at becoming largest smartphone vendor in India, the world's fastest growing handset market, in the next three to five years, said Lei Jun, founder and CEO of Xiaomi.

Chinese goods boycott hitting traders on tepid retail demand

Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal said that Chinese lighting and decorative products are widely used during Diwali and such materials start flooding the Indian markets three months prior to the festive season.

'Chinese goods' sale in India hit record high despite boycott'

"The boycott has not achieved success. Sales figures for Chinese products on the top three Indian online retailers in the first week of October hit a new record. Amazingly, the Chinese mobile phone company Xiaomi sold half a million phones in just three days on the Flipkart, Amazon India, Snapdeal and Tata CLiQ platforms," the article said.

'China should force India, US to stop protectionist measures'

"India has initiated 15 trade remedy investigations against Chinese products in the first eight months of the year, with observers forecasting even more probes in the foreseeable future," the Global Times reported.

China June PMI slips to 50.1, adds to growth worries

China's official Purchasing Managers' Index fell to 50.10 for June from 50.8 in May. It brought back worries about slow growth in the second quarter.

China official manufacturing PMI rises to 50.8 in May

China official manufacturing purchasing managers index (PMI) rises to 50.8 in May from 51.7 in April indicating a stronger demand for Chinese goods.

China moves up value chain in Africa

When cheap Chinese goods started flowing in big numbers to Africa a decade ago, consumers benefited from lower prices, but local producers such as textile mills saw their businesses suffer.

WTO top court backs China in US duties dispute

The World Trade Organization's top court upheld on Friday some Chinese objections to a ruling that had backed the right of the United States to impose extra duties on Chinese goods that Washington said were unfairly priced and subsidized.