Beijing Shows Concern Over India’s Frequent Probes Into Chinese Companies

india-china

Beijing has criticised New Delhi for launching “frequent investigations” into Chinese companies operating in India, after financial authorities raided Chinese mobile phonemaker Vivo over money-laundering allegations.

The raid was New Delhi’s latest action against a Chinese-owned company, after authorities accused Xiaomi, another device maker, of unlawfully remitting more than $700mn abroad in May. Xiaomi denied wrongdoing.

[Via]

Download NBW: Short news app created for busy professionals like you

Get NBW App - a reimagined fluid short news experience that delivers you clarity and all the important news and trends from your industry. No signup needed !

Download NBW App (Android, iOS)

Sign Up for NextBigWhat Newsletter

Daily.