Are We Financing China to Fight With Us

Are we financing China to fight with us?  

Look at what we have been doing to our country when we buy  Chinese products.  

Let us take a look at India's imports from China.  As per ITC (United Nations Comtrade) data, in the year 2016, India imported Chinese products valued US dollars 6,048 crores 31 lakhs and 3,000. In Indian Rupees 4 lakhs 23 thousand and115 crores approximately.

China imported from India products valued at nearly one fifth of this value only. What are the products that we are so very keen in buying from the Chinese?

Top 25 products are electrical machinery, machinery, organic chemicals, plastic products, ships and boats, iron and steel and articles thereof, fertilizers. LCD devices, optical  instruments,parts and accessories for tractors, motor vehicles.  Furniture, bedding, mattresses, aluminium articles.  inorganic chemicals and compounds of precious metals.  toys and games, rubber and articles thereof.  The product list goes on.  

80% of our toys imports are from China. 94% of our umbrella imports are from them.  

India - Toy Imports 2016 (Blue bubble:China)

India - Umbrella Imports : 2016 (Blue Bubble: China)

Concerned with India's digital security, Govt. of India has recently brought in some control measures. Government has started a review of the massive import of electronics and information technology products from China. The scanner has been put due to concerns over security and data leakages. The worth of Chinese products in India's IT and electronic industry is $22 billion.

What Indian citizens can do on their part?

Don't buy cheap Chinese products.

Make in India.

Create a manufacturing startup, identify products being imported from China by their HS code. Manufacture them in India and replace the Chinese products. Ask specifically for non Chinese make.  

Remember, buying products made in China is retail financing  of Chinese expansionism.

Data: ITC - UNCOMTRADE  

Analysis & Design: M.D. Rajendra Jain