InvestorQ : Is it true that China has also imposed some counter restrictions on Indian goods coming into China?
diksha shah made post

Is it true that China has also imposed some counter restrictions on Indian goods coming into China?

Answer
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4 months ago


There is nothing official till now but the signals are there. In the light of the trade restrictions imposed by India on China, Indian exporters are facing retaliatory measures according to the FIEO. There is no official word from China but there have been many instances in the last few weeks of ports in China and Hong Kong holding up Indian goods.

India accounts for 2.6% of Chinese exports but China accounts for 5.5% of Indian exports and hence the impact on India could be bigger in percentage terms. FIEO has noted that in the last few weeks, while there is no order from the government, customs officials have been holding up and also doing surprise checks of Chinese imports.