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Investigation Livemobile company of Chinese origin, prompted the government China warn of a business crisis between the two countries.
The Chinese Embassy said in a statement that the Indian authorities are “chilling the confidence and will” of their companies by resorting to these frequent investigations.
What is going on between China and India?
China as well as India They have been in political trouble for a couple of years now, after unarmed fighting on the borders of both countries in 2020. Since then, the Indian government has been tightening regulations on all Chinese content that reaches the country, starting on the app side.
However, serious problems have begun in the field of cell phones, where Chinese companies dominate the local market.
The first company studied was xiaomi, who was accused of sending illegal money transfers abroad “under the guise of paying royalties.” The company defended itself against these accusations and pointed out that the Indian authorities threatened officials with violence and coercion. xiaomi in the country to plead guilty.
However, in this first case there are more hints of a confrontation with the current Live, who is now pointed to as the author of “money laundering”.
For this reason, the Financial Crimes Enforcement Agency’s Office of Compliance conducted searches of the company’s offices as part of its investigation.
China responds
China criticized Indian authorities for “frequent investigations” by local divisions of Chinese companies.
“The frequent investigations by the Indian side against Chinese companies not only disrupt the normal business activities of the companies and damage the business reputation of the companies, but also hinder the improvement of the business environment in India and undermine the confidence and will of India.” from other countries, including Chinese companies, to invest and work in India,” said Wang Xiaojian, spokesman for the Chinese Embassy in India. India, in a written statement.
Xiaojian said that China followed this matter closely.
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Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.