India is going to do a big strike on Chinese goods | How did tourists got stuck in china?

India is going to do a big strike on Chinese goods:

India is preparing to strike China. Chinese have already been banned in India, but now more Chinese things can be attacked. India may ban Chinese smartphones to start its faltering domestic industries. There may be a ban on selling Chinese mobiles worth less than 12 thousand rupees.

Its biggest blow will be to Xiaomi Corp because it is the number one company selling budget smartphones. According to people familiar with the matter, the motive of this move is to drive out Chinese big companies from the lower segment of the world's second-largest mobile market i.e. India. Since this is a very sensitive, sensitive issue, those giving information about it have not revealed their identity.

This case matches Indian concerns about high-volume brands like Realme and Transsion. Transsion is a Chinese company and has a major share in the smartphone market in many countries. It manufactures Itel Techno and Infinix phones. Exclusion from the entry-level market in India will result in a huge loss for Xiaomi and other companies with them.

After the lockdown in China, these companies have made a lot of growth in the Indian market because of the possibilities in India. Since people are already tax savers in China, and everyone has smartphones, the demand for phones has almost ended there due to Corona. According to Counterpoint, which tracks the market, smartphones under $150 had a quarterly share in the quarter to June 2022, and Chinese smartphone companies accounted for 80% of it.

On Monday, shares of Hongkong fell 3.6% at the last minute of Xiaomi's market. Talking about this year, its stock has fallen more than 35%. In the past too, companies like Xiaomi, Oppo, and Vivo have been tightened by conducting investigations in cases of tax evasion and money laundering in India.

In the past, the Indian government used unofficial means to ban Huawei technology and ZTE's telecom equipment, while there is no official policy prohibiting Chinese networking gear. This time also it is not yet clear whether the Modi government will announce any policy regarding this or whether this information will be given to Chinese companies through any official channel.

How did tourist got stuck in china?

The crisis in China is increasing. China, which is called the world's second-largest economy, has hostage about 80,000 people who came to visit its province. We are saying this because, because of the increasing cases of covid-19 in the Sang yuan province of southern China, China has imposed a lockdown in this area. Due to this about 80,000 tourists who came to visit there are stuck.

China's economy is already in bad shape. Do you remember the story of the epidemic in banks, in such a situation, the re-growth of Corona can be a big blow for China? According to a media report, the Chinese financial markets are showing signs of a slowdown in the economy, because the Chinese stock market was completely broken last month.

China's Hang Seng Index has fallen nearly nine percent since June 27. Although the volatility will continue, in such a situation, concerns have arisen again in front of investors because if the increasing cases of corona again fall on economic activities, then economic activities may come to a standstill. After all, China has closed the coastal city of Sang yuan in Hainan province. Sang yuan province has been declared a hot spot for covid-19.

Due to this Chinese, citizens, and tourists have been forced to be imprisoned in their hotels. You can guess the fear of Corona in China from the fact that only one case of infection came to light, and one of its cities, which is considered a steel hub in China, was closed for three days. The increasing cases of corona can not only become a cause of fear for China, but it can also prove to be a threat to the world.

Let us know, what that fear will be for China. Actually, due to this, there is a fear of halting production in Chinese factories. At the same time, it will also impact construction activities. Let me remind you here that China's construction companies, which are facing debt, are already facing difficulties. Money from many banks in China is stuck in these projects. Many projects related to real estate are lying incomplete.

If we talk about the figures, at present more than 300 housing and commercial projects are lying incomplete in 91 cities in China. 13 million flats were not fully completed. More than ₹ 17,57,000 crore is stuck in the real estate sector in China. Which was given by the banks to the real estate developers in the name of a loan for payment. 

Now the Chinese government must be thinking that what was less this crisis that Corona is increasing again. The situation is that if someone wants to go out of Sang yuan city, then five negative RTPCR tests will have to be done in seven days. Such strict rules of China are due to the zero covid policy. Now the problem is coming to those people who are stuck there because the hotels there increased the fares.

However, Chinese officials have said that they have asked hotels to give a 50% discount till the ban is implemented. But how effective this relaxation will prove to be, how long the lockdown will be in place, and how long does it have to be faced? How does China get out of these troubles, and how tourists trapped there can get out of China by saving their lives?

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