‘Boycott of Chinese goods to hurt Indians’ says Chinese Embassy

Amid talks about boycott of Chinese goods in India, China Thursday warned India that such a boycott would not just affect Chinese investments in India but also bilateral cooperation between the two countries.

In a statement, the Chinese embassy here said India’s boycott of Chinese goods will not have much impact on China as India accounted for only 2% of all Chinese exports in 2015 which were worth $2,276.5 billion.

“China is more concerned that the boycott will negatively affect Chinese enterprises to invest in India and the bilateral cooperation, which both Chinese and Indian people are not willing to see,” said the statement.

The Chinese statement was made in the context of media reports that local sellers in Sadar Bazaar, the largest wholesale market of household items in India, had complained about sale of Chinese goods dropping by 20%.