“China needs to worry about effect of industrial transfer to India on production chain,” an article in the state-run Global Times said today. 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. “In recent years, countless Chinese companies have been included into the production chain for smartphone vendors. The country has to ensure its competitiveness in production chains at a time when India is becoming a new processing base for manufacturers. “With increasingly more Chinese firms and investors casting their eyes to India, it is urgent to rationally assess the political and economic risks of investing in India,” it added.

Source: Hindustan Times September 26, 2016 08:03 UTC