Amid calls from some section of the Indian trade to boycott Chinese goods in the ongoing Diwali season, China has said that any such move will negatively impact the India-bound investments from the country and will also impact the bilateral cooperation between the two countries. The country 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.
In a statement, the Chinese embassy said China is the world's largest trading nation in goods with its exports in 2015 amounting to $2276.5 billion. Amid rising tension in India-Pak ties, there have been calls from some people here and there including social media platforms about boycott of Chinese goods to protest against China's support to Pakistan. Apex traders body CAIT (Confederation of All India Traders) recently said the sale of Chinese products may decline by 30 per cent this Diwali.
India is a big market for Chinese products and over the years import of toys, furniture, building hardware, crackers, lighting and electric fittings, furnishing fabric, office stationery, electronic appliances, consumer electronics, kitchen equipment and appliances, gift items, watches etc from China has increased to a great extent. Chinese products are generally low-priced which is the root cause of infiltration of Chinese goods in the Indian market, CAIT had said.
