India should resist the temptation of resorting to “protectionism” to shield local mobile phone makers against Chinese smartphone firms, China’s official media said today warning that Beijing could take countermeasures against any such move.
The Indian firms are seeking government action to ease the pain of their defeat to Chinese rivals, an article in the state-run Global Times said referring to pleas by the mobile phone makers that government should raise supplementary levies against handsets from Chinese companies.
“As for China, the Chinese government is unlikely to sit idly while India harms the interests of Chinese companies. We cannot rule out the possibility that China will take countermeasures if India takes unfair measures to protect its home grown companies from international competition,” the article said. Read More…
Credit By : The Economics Times