China is taking steps to curb the export of specialized equipment and technology to India and Southeast Asia, a move that may be aimed at preventing companies from shifting production out of the country amid the threat of higher tariffs from US President-elect Donald Trump. The restrictions have been met with a mix of response from the Indian government, with some officials saying they are not aware of the curbs, while others have called them a “strategic partnership” between India and China. The move is seen as a significant development, as it could have a significant impact on the global technology supply chain and the production of goods such as electric vehicles and solar panels.
The curbs on technology transfer and equipment exports are seen as a way for China to maintain its own production and reduce the potential for job losses, as well as to prevent foreign investors from leaving the country. The restrictions have already had an impact on companies such as Foxconn, which has been unable to dispatch staff to India or receive additional specialized machinery from China. The company has also been unable to ship equipment to its Indian manufacturing facility, which accounts for almost half of the country’s iPhone exports.
The curbs are also affecting other companies, including India’s largest solar-panel maker, Waaree Energies, and the Indian unit of Chinese electric vehicle maker BYD. The move has raised concerns about the potential impact on the global technology supply chain and the production of goods such as electric vehicles and solar panels. The Indian government has expressed concerns over the curbs, with officials saying they are not aware of them, while others have called them a “strategic partnership” between India and China. The move is seen as a significant development, and its impact on the global technology supply chain and the production of goods remains to be seen.