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Chinese Imports Pose Risk for Domestics Traders
August 18, 2017
While the recent standoffs at the India-China border are already causing tension between the two of the fastest growing countries, the flood of Chinese imports, thanks to weak Yuan, has emerged as yet another big concern for the Indian policymakers.
According to Soumya Kanti Ghosh, who is the chief economic adviser at State Bank of India, necessary steps must be taken by the Indian authorities to support domestic companies and limit the Chinese imports. With trade deficit having ballooned nine times in just a decade (recorded $49 billion in 2016), it’s indeed something to worry about.
