China must worry about jobs as firms move production to India

BEIJING: As China’s telecom firm Huawei begins fabricating in India, official media has raised the warning, cautioning that Beijing needs to stress over employment slices because of moving of creation bases as monetary contention increments amongst India and the world’s second biggest economy.

“China needs to stress over impact of modern exchange to India on creation chain,” an article in the state-run Global Times said on Monday.

“As Chinese makers demonstrate an expanding enthusiasm for setting up mechanical production systems in India, the financial rivalry between the two nations is liable to enter another phase as India and China compete to grow their industry chains,” it said.

Huawei “joining a rush of cell phone sellers setting up generation offices in the promising versatile business sector” would bring about occupation slices if portable assembling moved to India.

Source:-timesofindia

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