The pandemic of COVID19 starts from China, and every time China says we do our best to stop the spread. Unfortunately, the world is suffering, and everyone knows what China does just hiding the truth. I believe President Mr. Trump (USA) did absolutely correct to stop the funding of WHO. Equally, WHO is also responsible to stop the spread of COVID19 they failed initially to create awareness about the COVID19 even though WHO already aware about the viruses spread in China.
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| War |
A few days back USA president says China has to face the consequences the condition is completely different. Many countries sit in ideal position under lockdown whereas the only country who earns money by selling medical testing kits and medical equipment, China. That's ok, that they have that much of capacity to produce the medical products but at the same time they try to gain benefits by selling faulty testing kits, masks and many more. They are lots of examples across the country who cancelled the contract with China about faulty medical equipment. Pakistan, who is friend country, gets a consignment of masks which is made from undergarments under the name of N-95 mask.
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| China conned us (China ne chuna laga diya) |
Everyone knows how painful when friends do such joke but, in need, no friends perform such shameful act, I guess this example is enough to understand how China behaves with their friends. Well, this is a half story even now also their worst dirty work continues bu selling faulty equipment, reused mask and more. No one wants to stop China except Trump.
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| Trump Warn China |
Europe is professing friendship with China even the most number of deaths happen theirs Europe happy that Chinese edit their friendship letter. British Prime Minister faces constant pressure to criticize and take a stand against China but so far he's waiting for a global call to investigate the China, the origin of COVID19, I mean seriously what the heck?
Now let's talk about India and China.
Is there any way that India reduces China dominance? The answer is no, currently it's not possible but in future yes. The Chinese and China government invest too much in India. Chain funds to many new startups in India as well as many big firms.
18 out of the top 30 unicorns Chinese have major stake concerned already. $4 billion alone investment in the technology sector by Chinese as per Gateway House: Indian Council on Global Relations. In this COVID19 attack when all countries under ICU few businesses who supply essential goods to your doorstep, in that business also china invest in large number.
Have a look in which company china invest:
Big basket. Zomato, Swiggy, Snapdeal, Policybazzar, Flipkart, Dream 11, Byjus, Paytm, Ola, Makemytrip, Delhivery
Though FDI investment is only $6.2 billion it's impacting in India is huge. Maybe the phone you are using, that's a Chinese gift. Bytedance, who acquired musically and launch TikTok, which is one of the most popular apps in India over 1 billion-plus download. Xiaomi, who run with a speed of light overcome many leading mobile brands in India and change the competition criteria in the mobile industry. Xiaomi estimated 72% market share leaving Samsung and Apple behind. China invests in the railway and ports as well.
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| TikTok |
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| 2018 Stats. |
In 2018 China invested $1.1 billion in pharma sector by acquiring gland pharma the single largest Chinese investment. Million Dollar already invested by Chinese big giant like Alibaba and Tencent in a various Indian startup. According to the Ministry of Commerce and Industry, the majority of this inflow from China happened over the last five years ($1.81 billion), with the automobile ($876.73 million), electrical equipment ($152.5 million) and services sectors ($127 million) receiving the largest share.
Though India currently imposes restrictions which slowdown the fresh investment from China in India. Every time government approval is required to trade with China as well which lengthen the transaction time but not a complete solution because china already penetrated deep inside the Indian market. Not only in the technology sector but in various other areas have a look below.
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| Sector wise Investment from China |
A few weeks ago there was a news that many big companies want to leave China and reopen somewhere else which is a good sign for India if India government is able to attract them to invest in India. The first step India has already taken to stop China by imposing restrictions but not a complete solution, in fact, the big giants well as government of India promote the Indian startups, so that they don't need to depend on those countries who are very selfish.
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| Funding & Support |
Though it's tough the time for India while battling with COVID19 India needs to safeguard it's economic as well, will hope for the best that India beat all of this and give output in long run and hopefully revoke the deep penetrations of Chinese influence from India market as well.
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