Boycott, which China has often used as a means of diplomatic and political retaliation against other countries, has become a boomerang and is heading to China.
Anti-China sentiment, which has sprung up in India and the U.K., is targeting Chinese companies. Not only the boycott of “Made in China” products but also the withdrawal of projects involving Chinese companies are spreading in many ways.
India is most prominent in boycotting Chinese products. Anti-Chinese sentiment is spreading like wildfire in India. As Indian and Chinese troops scuffled in Galwan Valley on the 15th, killing 20 Indian troops.
Both the government and the private sector seem to be joining forces in rejecting “Made in China”. The Maharashtra government in Mumbai, India, put off investing 50 billion rupees of Chinese companies on the 23rd. India’s state-run telecommunications company excluded Chinese companies from the 5G network construction project.
Boycott China all over the world, the fall of China?
Meanwhile, Indians are boycotting Chinese IT and technology services, along with a campaign to remove Chinese goods. Smartphones and applications from China are the firsts they ban. The Wall Street Journal (WSJ) predicted that since Chinese products accounted for 81 percent of Indian smartphone sales in the first quarter of this year, Chinese companies will be hit hard by the boycott. As many as 5 million apps have been downloaded that automatically find and delete Chinese apps on smartphones.
Public boycott of China is also spreading in Britain. China’s responsibility for concealing information in the early days of the COVID-19 outbreak led to a “pandemics” has emerged. And Hong Kong’s handling of the National Security Law has made it difficult to find favorable public opinion toward China.
In January alone, the British government tried to allow China’s Huawei to introduce 5G network equipment without exceeding 35% of the market share. But the approval of Congress has become uncertain as the ruling conservative party’s opposition is particularly high. The boycott movement also resonates throughout the global community, with guards against “China Money.”
The WSJ pointed out that the “boycot” weapon China likes to use is now a boomerang. When Korea deployed Terminal High Altitude Area Defense (THAAD) in 2016, China imposed various economic retaliation measures on Korean companies, including Lotte Group. And when the Norwegian Nobel Committee selected Liu Xiaobo, a Chinese human rights activist, as the winner of the Nobel Peace Prize in 2010. The Chinese government banned the import of Norwegian salmon for seven years. Australia imposed restrictions on imports of beef and barley last month. Which called for an international survey of the Corona 19 origin.