BEIJING: As China's telecom firm Huawei starts manufacturing in India, official media has raised the red flag, warning that Beijing needs to worry about job cuts due to shifting of production bases as economic rivalry increases between India and the world's second largest economy.
"China needs to worry about effect of industrial transfer to India on production chain," an article in the state-run Global Times said on Monday.
"As Chinese manufacturers show an increasing interest in setting up assembly lines in India, the economic competition between the two countries is likely to enter a new stage as India and China vie to expand their industry chains," it said.
Huawei "joining a wave of smartphone vendors establishing production facilities in the promising mobile market" would result in job cuts if mobile manufacturing shifted to India.
Source:-timesofindia
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"China needs to worry about effect of industrial transfer to India on production chain," an article in the state-run Global Times said on Monday.
"As Chinese manufacturers show an increasing interest in setting up assembly lines in India, the economic competition between the two countries is likely to enter a new stage as India and China vie to expand their industry chains," it said.
Huawei "joining a wave of smartphone vendors establishing production facilities in the promising mobile market" would result in job cuts if mobile manufacturing shifted to India.
Source:-timesofindia
View more:whatsapp marketing companies in mumbai