Fattyacids
SENIOR MEMBER
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China has completely taken over Indian market. Things as small as school stationary, religious items, festival items, idols, clothes, shoes, electronics are all coming from China. Indian manufacturers are very small and do not bulk produce like the Chinese. So they can't keep their products as cheap as the Chinese and there's no help or subsidies from the govt as in China. Also, Indians have to develop their products themselves as they do not reverse engineer foreign products like the Chinese, it also makes domestic products more expensive than Chinese ones. Even if someone wants to help local economy by not buying Chinese products, they can't as there're no alternatives available. China simply dumps its cheap, poor quality products in Indian market. But we can't blame China. India has very weak anti-dumping laws and there's always policy paralysis at the centre.
And I won't be surprised if some of the lawmakers might be receiving bribes from China to let the dumping continue.
Please study the definition of dumping before talking about dumping law, and you will realize your post is self-contradictory.
Dumping law comes into effect when one party sells a similar product at very low price against its competitor. As you correctly pointed out, Indian company do not manufacture most of the Chinese product, so how can it be considered dumping when competitors don't even exist? Where's the cost/pricing benchmark going to come from?
Don't maglin Chinese for bribing your lawmakers. The truth is you have no choice but to import those cheaper chinese goods simply because they are affordable to Indians. China's the world's largest factory, chinese goods range from low quality to high end. China can also sell you a Li-ning badminton racket, do you know much it will cost in India? Or a Huawei telecommunication product.