By Mark T Connor • Published: 19 Jun 2020 • 13:43
Indian Border Security Force soldiers guard a highway leading towards Leh, bordering China, in Gagangir on 17 June 2020. © Habib Naqash
THE Indian National Railway have joined the campaign, scrapping a 2016 signalling contract with a Beijing-based firm.
The government has ordered a state-run telecom utility and other private companies to procure locally-built equipment instead of using Chinese firms, as the border clash took a bizarre turn with Indian citizens smashing household goods with ‘made in China’ tags.
The decisions will affect business worth almost €8.9 billion, Indian officials said.
Late Monday, Chinese and Indian soldiers fought for hours with fists and spiked clubs in Galwan Valley, which lies between China’s Tibet and India’s Ladakh, with some reportedly falling off cliffs into a river.
At least 20 Indian troops died, with Delhi saying there were also Chinese casualties. It’s the deadliest clash between the neighbours in almost 60 years.
Each side accused the other of cross-border intrusions.
Monday’s incident was the worst clash since similar skirmishes in 1967, which came five years after China gave India a bloody nose in a brief but brutal war. Delhi then accused China of occupying 38,000 square kilometres of territory in Aksai Chin.
The Communist state still claims 90,000 square km in the northeastern Indian state of Arunachal Pradesh.
The campaign to boycott Beijing has drawn Bollywood actors such as Milind Soman and Arshad Warsi to the campaign, calling for Indians to delete their accounts on the short video app Tiktok, owned by Beijing-based ByteDance.
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I do not understand,what the PRC is waiting for ! If the Indian State had banned the Apps,which led to advertisement and subscriber revenue loss,of say,USD 15-20 Billion per annum – then,it is pointless for PRC,to show that,this a pinprick..dindooohindoo
PRC has to stop the export of Rare Earths to India,as they have mostly military and space applications – which are directed to PRC.And then PRC,has to also stop the export of industrial raw materials to India,worth USD 20 Billion.That should destroy Indian Industrial Output and GDP,of USD 100 Billion,and Bank Assets of USD 20 Billion.If Chinese Tele and Hard Infra companies,exit India -Indians will need to spend 100-150 Billion USD EXTRA,as the other bidders,will take FULL advantage,of the same.India cannot afford that,as India is bankrupt.
Barring a few PSUs,all the Private Sector Infra companies,are bankrupt.
Thereafter,if the Indians still so not mend their ways,PRC should give export subsidies,to Chinese companies, to dump exports in Indian Export Markets,and block Indian IT Exports,to PRC.
Fourthly.PRC should start shorting Indian Paper in NYSE/NASDAQ,and other exchanges,and then,the INR
Lastly,PRC should ask its banks,to exercise Call Options,on all exposures to Indian Debt
That will be the end of the border dispute.Perhaps the PLA,PRC and CCP is waiting for the US Polls date to near,as that will be the time that the USA,is the most vulnerable and also,unable to intervene.
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