Friday, June 26, 2020

All you need to know about Indian(TRUMP) economical war declaration on China

#1 Narendra Damodardas Modi dreamed about economical war(Modi talked about increasing taxes in Chinese owned companies in India - envied Chinese success for what I believe individual is a regular Indian RACIST) with China already back in 2003. Trump was on MK Ultra picture along Modi ongoing - was in India with Trumps and Buckingham's palace(Charles) during their totally unopened for public tours time and again.

What is behind Modi's "economical" tactics !!??? Nothing really. Racism/theft as one believes India will profit by engaging in a terrorism/bullying against China - fast track to Western money. Modi is not interested in what otherwise should have been a long term competitive partnership with whomever willing to invest(and learn from) in India, but instead selective backstabbing politic used for breaking international relationships. Modi probably sees through his narrow minded nazi eyes half(perhaps even 3/4) of his own community as unfit - unIndian due to color of their skin complexion.

According to Donald Trump alone, India is where Donald Trump obtained initial idea about ECONOMIC war with China and we all know how that went from COVID 19 to what we see is developing right now.

From published in 2019 as I stated - Modi dreamed about economical war with China for already at least a decade and half ahead. We can say it was INDIA THE ONE WHO TRIGGERED WAR AGAINST China and its today's India that represents the highest threat to world as we know.

Indian and Chinese workers worked extremely hard for both countries to get ahead from what case used to be(both were nothing more than colonies) and if humanity as whole is to move forward in direction of equalities, we all must work together with one another.

Ultimate goal of humanity is not cheap theft from one another, but rather mutual interchange of knowledge that will benefit all - even and a must - SOLIDARITY between all nations whenever needed. Someine should explain this to Indian prime minister Narendra Damodardas Modi.
You can see clearly based on above dates that war on Chinese products in India traces back prior to death of 20 Indian soldiers which should have nothing to do with one.

Appears appeased when exposed to cameras as if 5 years old child with ice cream in his hand - walks like a body builder among his supporters...wife with dot on her forehead a math teacher or something appears almost as kamikaze(looks more like a soldier than wife - nothing against Indian culture either - could even be that she fuels him with impatience as one always was a nice person whenever around him)...

Yes, its okay to increase taxes - okay once you seat mutually at the negotiation table and explain counterpart your views, but not with gun in hands(even war rattling) as "we have ship parked not too far from your shores" after threatening one, jumping on Chinese's TV/burning photos of Chinese president and so on - so Trump can profit in his war against United States of America and consequently against world.

India a country with reach tradition of patience(Hindu/Gandhism) - reach tradition of tolerance for others/different - reach tradition of friendship and trade with history that involved brutal colonialist exploitation, should have president that would make world see in Indian people here stated. Here stated(hard work and patience is what man kind regardless of human races and continent needs the most) is most precious global commodity too and it would be just too bad if India wouldn't cash in one.

Impact of Chinese Goods on Indian Industry

  • The Standing Committee on Commerce (Chair: Naresh Gujral) submitted its report on ‘Impact of Chinese Goods on Indian Industry’ on July 26, 2018. Bilateral trade between India and China increased from USD 38 billion in 2007-08 to USD 89.6 billion in 2017-18.  While imports from China increased by USD 50 billion, exports increased by USD 2.5 billion during the same period.  This has widened India’s trade deficit.  Trade with China constitutes more than 40% of India’s total trade deficit.  Key observations and recommendations of the Committee include:
  • Anti-dumping duty: Dumping refers to the practice of exporting goods at a price lower than their market value in the originating country.  The importing country conducts detailed investigations and imposes anti-dumping duty for these goods.  The Committee noted that: (i) India’s anti-dumping duties on Chinese goods are being evaded by misclassification of products, and (ii) the government is reluctant to review the effectiveness of anti-dumping measures undertaken by it.  The Committee recommended that the Directorate General of Anti-Dumping: (i) address the problem of lax implementation of anti-dumping duties, and (ii) rationalise the duties and make them more in line with current domestic production costs.
  • Illegal imports and smuggling: The value of seized smuggled goods from China was Rs 1,024 crore in 2016-17.  The Committee noted that the Directorate of Revenue Intelligence (DRI), India’s chief anti-smuggling intelligence and investigations agency, works in a challenging environment with a small workforce.  It recommended that the workforce of the DRI be adequately augmented to check smuggling.
  • Impact on micro, small and medium enterprises (MSMEs): The Committee noted that poor quality Chinese products dominate the unorganized retail sector.  This sector comprises domestic MSMEs, producing more expensive but better quality products.  The Committee noted that there is a need to promote domestic MSMEs.  It suggested that import of finished goods be taxed at the highest rate, and raw materials at the lowest, to boost domestic production.
  • Pharmaceutical Industry: There is heavy reliance on Chinese imports for raw materials in the pharmaceutical industry.  In some cases, such as for life-saving drugs, the dependence on Chinese imports is 90%.  The pharmaceutical sector requires very high initial investment.  The Committee suggested that a long term view of the pharmaceutical industry be taken to promote competition and price stability.  It also recommended that the government provide adequate infrastructure support to this industry.
  • Solar Industry: 84% of the solar requirement of the National Solar Mission is met through imports from China.  The Committee noted that import prices of such commodities in India are lower than their import prices in Japan and Europe, suggesting that Chinese goods are being dumped in Indian markets.  It recommended that: (i) trade remedial measures, like anti-dumping duties, be taken to protect the domestic solar industry, and (ii) quality standards be imposed to ensure that imported Chinese solar products do not contain harmful substances such as antimony.
  • Textile Industry: The Committee noted that the existing Goods and Services Tax (GST) on synthetic fibres of 18% has increased the import of similar fabrics from China.  Further, India has free trade agreements (FTAs) with Least Developed Countries such as Bangladesh.  Chinese fabric is manufactured into garments in Bangladesh, and imported at cheap rates into India.  The Committee recommended that such FTAs be reconsidered, as they nullify the effect of the anti-dumping duties on imports from China.  Further, it also recommended that the government take steps to modernise this industry.
  • Firecracker Industry: The Committee observed that most Chinese firecrackers contain potassium chlorate, a highly explosive chemical which is banned in India.  It recommended that the import of hazardous Chinese firecrackers be banned, as they involve public health concerns.  The Committee also noted that the domestic firecracker industry is valued at Rs 4,000 crore, and is one of the most labour-intensive industries.  It recommended that the existing GST rate of 18% be lowered to promote this industry.
  • Bicycle Industry: The Committee observed that the demand for bicycles in India has increased lately, mainly due to public bike share programs under the Smart Cities Mission.  The Committee noted that Smart City administrations, especially in cities like Pune and Coimbatore, have been showing a preference for cheap Chinese bicycles over Indian ones.  The Committee recommended that the government ensure Smart City administrations procure Indian bicycles under the Public Procurement (Preference to Make in India) Order, 2017.

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