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India cautions SMEs on China trade risks amid growing bilateral ties

The Business Guardian

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July 31, 2024

The Indian embassy in Beijing issued a warning on Tuesday, advising domestic small and medium enterprises (SMEs) to adopt adequate precautions when conducting business with Chinese firms.

India cautions SMEs on China trade risks amid growing bilateral ties

This advisory follows a recent meeting between India’s External Affairs Minister S. Jaishankar and his Chinese counterpart, Wang Yi.

The embassy highlighted recurring issues faced by Indian companies dealing with Chinese entities, urging them to heed the advisory and its annexed documents. Notably, most trade dispute cases involved companies registered in Shandong, Hebei, Guangdong, Jiangsu, and Zhejiang provinces. Indian companies were advised to exercise extra caution when trading with firms from these regions.

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