Friday, 24 March, 2023

Following India's raid on Vivo, China warns of chilling effects on business

<p>China&#39;s embassy in India, following raids on Vivo offices earlier this week, issued a statement criticising Indian authorities for conducting &quot;frequent investigations&quot; into local subsidiaries of Chinese companies and warning that such action &quot;impedes the improvement of the business environment&quot; in India and &quot;chills the confidence and willingness&quot; of other foreign businesses to invest and operate in the South Asian market.</p>