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

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.

India has cited security concerns in banning more than 300 Chinese apps since, and toughened rules on Chinese investment. Such frequent investigation"impedes the improvement of business environment in India and chills the confidence and willingness of market entities from other countries, including Chinese enterprises to invest and operate in India," the embassy said in a statement.

This week Vivo said it was cooperating with authorities and was committed to full compliance with Indian laws.

Good job india! China getting taste of own medicine. China won't have to fear probes if there is nothing to hide.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China says India's frequent probes of its firms hurt business confidenceMUMBAI : 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 These ah san thought that a company will struggle without their market , not really , more overrated in the first place
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »