While India has not said the new requirement is aimed at China, more than half of its roughly $10 billion in annual imports of personal computers and tablets are Chinese-made. Relations between the countries have deteriorated since mid-2020, when Chinese and Indian troops clashed on LAC and 24 people were killed. Several Indian government officials, who asked not to be named, said the licensing measure aimed to address a trade imbalance with China. Here are some other Chinese trade and investment ventures affected by Indian measures since 2020:
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GREAT WALL MOTOR INVESTMENT PLANGreat Wall Motor shelved plans last year to invest $1 billion in India and laid off all employees at its operations there after failing to obtain regulatory approvals.
XIAOMI ASSET FREEZEIndia's federal financial crime agency has frozen $670 million of Xiaomi's bank assets since last year, posing a significant challenge to the smartphone maker. The agency alleges that Xiaomi made illegal remittances to foreign entities in the name of royalties. The company denies wrongdoing.
MOBILE APPS BANCiting data and privacy issues, India has banned about 300 Chinese mobile apps including popular ones such as the battle-royale format game from Krafton Inc, a South Korean company backed by
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