'Calls to boycott Chinese goods in India won't have political effect

October 20, 2016

Beijing, Oct 20: A campaign to boycott Chinese goods in India due to differences over India's bid for NSG membership and UN ban on JeM chief Masood Azhar will not have much "political effect" and will fail to "fundamentally change the bilateral trade ties, state-run Chinese media said today.china-products

Quoting Indian media reports, an article in the state-run Global Times said that "some politicians and citizens in India have recently launched campaigns to boycott Chinese products".

"They blame China for India's failure to enter the Nuclear Suppliers Group (NSG), and for Beijing blocking India's UN bid on sanctioning a commander in Lashkar-e-Taiba, a Pakistan-based military group.

"Beijing and New Delhi are currently negotiating about these two issues and it is believed that mutual understanding will be reached eventually," said the article written by Liu Xiaoxue, an associate research fellow at the Institute of Asia-Pacific Studies at the Chinese Academy of Social Sciences said.

India is seeking a UN ban on Azhar, chief of Pakistan-based Jaish-e-Muhammad (JeM) which has been blamed for the January 2 Pathankot attack.

Scuttling India's move, China has recently put a second technical hold on Azhar's UN ban issue.

Underlining that Sino-Indian relationship has always been "haunted" by border disputes and China's ties with Pakistan, the article, said, "However, the two sides have long realised that setting aside divergences is beneficial for both sides' overall development than being hostile to each other."

"...A boycott of Chinese goods will not only result in little of the political effect that people who initiated the movement would like to see, but will also fail to fundamentally change India's current trade ties with China. In the end, it will be nothing more than a tiny incident," it said.

Referring to improvement in India-China political ties since the visit of former prime minister Rajiv Gandhi in 1988, the daily said economic and trade ties have also been boosted following which China has become India's largest trading partner since 2013.

"Of course, apart from political issues, some economic factors have also disrupted Sino-Indian trade development. Unresolved problems between the two nations sometimes influence their political mutual trust and have led to the non-tariff barriers in India against Chinese capital and products, such as security checks in major projects in the fields of defence, telecommunications, Internet and transportation," it said.

On the growing trade deficit, the daily said, "Economically, India has unbalanced trade ties with China. The increasing trade deficit with China has been irritating New Delhi. India's trade deficit with China jumped to USD 51.45 billion in 2015."

"As a country with a long-term account deficit which faces balance of payments problems, India is always vigilant against trade deficits. Chinese products can hence be easily turned into the target of India's anti-dumping sanctions," it said.

"After Indian Prime Minister Narendra Modi started promoting the slogan 'Make in India', some of the country's media and citizens have tended to hype up the substantial quantities of made-in-China balloons, coloured lanterns and ribbons that always appear in the nation's Hindu spring festival by asking, 'should our valuable foreign currency be wasted on these products?' or 'Are Indian manufacturing industries too backward to produce those goods?" it said.

"However, for consumers, attractive goods with a reasonable price are naturally their first option. Moreover, the merchandise, which is mentioned by Indian media all the time, is only a small part of Chinese exports to India," the daily said.

"Being a major exporter of high-tech goods, today's China mainly exports high-tech products to India, including electrical equipment, telecommunications equipment, train locomotives, computers and telephones. These are all necessary for India's economic development and its people's everyday lives," it said.

"Will Indian people answer the call of boycott? How long can the campaign last? What specific influence will it have on Sino-Indian trade relations? Even the Indian media pushing for a ban does not have the answers," the daily said.

"It is believed that after this round of patriotic passion, businessmen and consumers in India will make a rational choice," it said.

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News Network
April 26,2020

Islamabad, Apr 26: Pakistan Prime Minister Imran Khan has been trumped by the country's powerful military yet again, this time over his government's inadequate steps and its poor response in curbing the coronavirus outbreak in the country, even as cases soared over 12,500.

In his address to the nation on March 22, Khan explained the reasons for not imposing a countrywide lockdown, asserting that millions would lose their jobs and affect families, who are below the poverty line, struggling to find enough food to eat. However, less than 24 hours later, Pakistan Army spokesperson Major General Babar Iftikhar announced the implementation of lockdown in the country having a population of over 200 million, contradicting the statements made by Imran Khan.

As lockdown was imposed, the military has deployed troops across Pakistan and is orchestrating the COVID-19 response through the National Core Committee, a body set up to coordinate policy between the national and provincial governments.

"The government left a big gap in its handling of the coronavirus. The army has tried to fill that gap, there was no choice," an unnamed retired general was quoted by Financial Times as saying.

The virus crisis in Pakistan has once again made things crystal clear about who is calling the shots -- the military, widely believed to bring Imran Khan to power in 2018.

The armymen have taken over the COVID-19 crisis as an opportunity to prove their competency in contrast to Imran Khan, who was mocked after urging youth to come forward and join Corona Relief Tigers Force, a volunteer body to wage "jihad" against the virus.

According to analysts, the military's seizure of the coronavirus response marks yet another policy failure for Imran Khan in the eyes of the generals, as per the Financial Times report.

The 67-year-old cricketer-turned-politician has repeatedly failed to gain international traction over the Kashmir issue and has struggled to convince the Financial Action Task Force (FATF) in getting his country removed from 'grey list' for terror funding.

In times of emergency, one has to take clear decisions and take them through. You can't dither. The whole world is advising strong lockdown. If the prime minister does not show that he is decisive, somebody else will," said Nafisa Shah, a Member of Parliament from the opposition Pakistan Peoples Party (PPP).

Even after the lockdown was imposed, Imran Khan continued to question the need for its implementation, raising eyebrows over the country's response in tackling the virus, as cases continue to rise. This comes even as such drastic measures are in place in many countries across the world, including neighbouring India.

According to The Dawn, the country has 12,657 confirmed cases of COVID-19, which includes 2,755 recoveries and 265 deaths. Punjab has the highest number of cases -- 5,326 --, followed by 4,232 in Sindh.

However, experts suggest that the actual numbers could be more given the low testing rates and inadequate supply of testing kits.

Doctors and nurses across the country have staged protests over the lack of personal protective equipment, as increasing numbers of health workers contract COVID-19.

"Because of the lack of resources, there is chaos among the doctors and healthcare workers. They know people are dying, they know the severity of the illness and they have to work without PPE," Shoaib Hasan Tarar, a doctor working in Rawalpindi, was quoted as saying.

As the coronavirus crisis continues to ravage Pakistan, the country's overwhelming health infrastructure has put a toll on its already floundering economy. The IMF said that the GDP will shrink 1.5 per cent in 2020. The cash-strapped nation is set to be the first major emerging economy to apply to a G-20 initiative to request debt repayment relief, according to Financial Times.

In early March, Pakistan saw a surge in coronavirus cases, when infected pilgrims and workers crossed the border from Qom, a religious city in Iran, which is a hotspot.

Pakistan's limited resources were exposed when quarantined pilgrims agitated against unhealthy conditions at Taftan camp on Pakistan-Iran border, where five people were living in a tent with no access to toilets.

While the lockdown is in place, authorities have been confronted by hardline clerics who have defied social distancing terms and downplayed the threat of the virus. During Friday prayers every week, worshippers violate the restrictions by gathering at various mosques.

Last week, Islamabad inked an agreement allowing mosques to stay open for Ramzan. It stipulated that people should follow 20 rules, including maintaining a six feet distance from each other.

"There is little consistency in terms of how the lockdown is being approached. Coronavirus has shown the disconnect between the national government, regional governments and the military. Imran Khan has been left behind as the cheerleader for keeping Pakistan's morale high. I think people are starting to ask, 'How long is he going to last?'", said Sajjan Gohel, South Asia expert and guest teacher at the London School of Economics.

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News Network
March 2,2020

Paris, Mar 2: A global agency says the spreading new virus could make the world economy shrink this quarter, for the first time since the international financial crisis more than a decade ago.

The Organization for Economic Cooperation and Development says Monday in a special report on the impact of the virus that the world economy is still expected to grow overall this year and rebound next year.

But it lowered its forecasts for global growth in 2020 by half a percentage point, to 2.4 per cent, and said the figure could go as low as 1.5 per cent if the virus lasts long and spreads widely.

The last time world GDP shrank on a quarter-on-quarter basis was at the end of 2008, during the depths of the financial crisis. On a full-year basis, it last shrank in 2009.

The OECD said China's reduced production is hitting Asia particularly hard but also companies around the world that depend on its goods.

It urged governments to act fast to prevent contagion and restore consumer confidence.

The Paris-based OECD, which advises developed economies on policy, said the impact of this virus is much higher than past outbreaks because "the global economy has become substantially more interconnected, and China plays a far greater role in global output, trade, tourism and commodity markets."

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News Network
May 20,2020

Washington, May 20: Once dubbed as historic by him, US President Donald Trump on Tuesday said he now feels ‘differently’ about the trade deal he signed with China earlier this year.

He said this while once again venting out his frustration with the Beijing leadership, accusing it of letting coronavirus spread.

Till Tuesday, over 92,000 Americans have died and 1.5 million tested positive for coronavirus that has globally killed around 320,000 people.

The US and China had signed a deal in January to end their 22-month-long trade war during which the two countries slapped tit-for-tat tariff hikes on products worth nearly half a trillion USD.

Under it, Beijing agreed to increase its purchase of US goods by USD 200 billion in 2020-2021.

“I feel differently now about that deal than I did three months ago,” Trump told reporters during a Cabinet meeting at the White House.

“We will see what all happens, but it's been a very disappointing situation. A very disappointing thing happened with China because the plague flowed in and that wasn't supposed to happen and it could have been stopped," he said.

Trump said he was very excited when the trade deal with China was signed.

“But once the virus came in, once the plague, as I called it, came in, I said how did they let that happen? And how come it didn't go into other sections of China? Why did they block it from leaving Wuhan? But they didn't block it from going to the rest of the world, including the United States. Why is that? Beijing doesn't have it. Other places don't have it,” he said.

Trump did not respond to questions on retaliation against China.

Meanwhile, top American senators continued to press the administration that rules of engagement with China needs to change post-coronavirus.

“As we know, they unleashed this virus on America and the world with their classic communist cover-up, deception, continued propaganda campaign, costing now over 90,000 American lives, 35 million Americans losing their jobs so far,” Senator Martha McSally said during a Congressional hearing.

“We don’t know who patient zero is, they destroyed samples, they silenced doctors, they kicked out journalists, they impacted international travel to seed this and their reckless behaviour continues to be the root of all this,” she said.

As a result of coronavirus, the American economy has been thrown into recession; more than 36 million people have lost their job – the worst ever after last century’s great depression.

Many of the US states have now started opening up, after taking necessary precautions.

By conservative estimates, it will take several quarters for the economy to be back on track.

Trump in the last a few weeks has exuded confidence that the economy will be back on track next year.

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