China says India's frequent probes of its firms hurt business confidence

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MUMBAI : Multiple investigations by Indian enforcement agencies into Chinese companies are damaging the confidence of foreign entities investing and operating in the country, China's embassy in the South Asian nation has said.Many Chinese firms have struggled to do business in India after political tensio

MUMBAI : Multiple investigations by Indian enforcement agencies into Chinese companies are damaging the confidence of foreign entities investing and operating in the country, China's embassy in the South Asian nation has said.

Wednesday's comments by the embassy follow raids this week by a financial crime fighting agency, the Enforcement Directorate, targeting smartphone maker Vivo, owned by China's BBK Electronics, in a money laundering investigation. Raids were conducted at 44 production and operation sites of Vivo and related entities across India, and China was closely following progress, it added.

 

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These ah san thought that a company will struggle without their market , not really , more overrated in the first place

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