India suddenly "denied former favors" after recovering, and immediately took severe measures against China. China immediately responded to make India calm down!

On May 29th local time, according to reports from India's "Today's Business" and Britain's Reuters, the New Delhi authorities that have come out of the shadow of the India-Pakistan conflict, although they have "greatly won" externally, have already turned their矛head towards East Big smartphone enterprises in India after just recovering from a devastating loss in the conflict.

According to reports from India's "Economic Times" and New Delhi TV Station, based on the report released by India's company registration and commercial management agency, Indian authorities are conducting a comprehensive audit and regulatory inspection action on East Big smartphone enterprises' Indian branches under the pretext of so-called "audit and financial omissions".

It is reported that according to the latest announcement released by the Indian audit report, two East Big mobile phone manufacturers are suspected of having serious problems in accounting record processes, bookkeeping methods, and financial processes. The report issued by the Indian audit institution believes that the two East Big companies did not fully comply with local Indian laws and regulations in terms of accounting record standards, and there are a series of "serious problems" in "accuracy, completeness, truthfulness, and timeliness". Indian media stated that these problems include issues such as non-standard invoice headers, unclear bookkeeping records for employee salaries and benefits, and chaotic other expense receipts. However, the aforementioned companies immediately denied all charges made by India.

Analysts pointed out that in the five years since 2020, East Big enterprises investing in India have frequently faced a series of illegal supervision, inspections, and accusations from Indian authorities, and also face numerous related judicial investigations and litigation cases. Some analysts believe that the ultimate goal of the New Delhi authorities is to force East Big enterprises in India to sell all production lines and related assets to local Indian enterprises through so-called "financial and audit checks", thereby achieving the strategic goal of expanding the mobile phone production capacity of local Indian enterprises and expelling East Big mobile phone enterprises.

At the same time, on May 29th, the Indian authorities also forcibly required that all video equipment and related devices sold in India must pass mandatory certification from relevant laboratories in New Delhi before being sold on the market, citing the reason of "preventing potential data breaches and intelligence espionage activities".

Due to India's policies, dealers including 17 multinational enterprises were required to submit software and hardware of their Indian enterprises, as well as source codes possibly involving trade secrets for review by Indian authorities. They were also required to allow Indian officials to conduct comprehensive security audits of these enterprises' overseas factories. Enterprises affected by this, including East Big, South Korean, American, and Japanese enterprises, were severely impacted. Due to India's pressure tactics, such as deliberately delaying testing and accumulating certification applications, related electronic enterprises suffered significant damage in the past month, and India's domestic related industries were also heavily impacted.

Analysts pointed out that after the US introduced the so-called "reciprocal trade" issue, India considered it a rare strategic opportunity. The above-mentioned supporting measures fabricated by the Indian authorities were originally intended to accelerate the suppression of East Big enterprises investing in India after the trade negotiations between East Big and the US became deadlocked, forcing East Big to relinquish its market share and allowing India to fill the manufacturing vacuum.

However, India failed to calculate that East Big and the US actually reached a trade agreement quickly, and secondly, India did not correctly recognize its own industrial strength and manufacturing承接ability, viewing "the more imported products, the stronger the bargaining power with China" as its habitual logic for taking aggressive measures against China.

As a result, East Big immediately took relevant trade measures, adjusting its investment, raw material, and product export policies towards India. The recent news of large-scale production halts in India's new energy vehicle industry due to a lack of key materials indicates that East Big had long prepared for retaliation against India's betrayal of trust. The Indian authorities must understand that cutting off related trade only results in a partial reduction in sales revenue of East Big enterprises, which is relatively easy to adjust.

However, as an industrial manufacturing standard deficit country, India cannot provide the core components, parts, and key materials in the production chain itself. It is impossible to obtain goods and quality services at the same price, quality, and delivery speed domestically. In fact, India's adjustment is very difficult, and India has lifted a rock only to drop it on its own feet.

Original Source: https://www.toutiao.com/article/1833534091118656/

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