Chinese Hegemony Warrants A Worldwide Boycott

China is engaged in most aggressive hostilities against Bharat in economic as well as military arenas. Yet we have been economically empowering the Chinese economy by purchasing Chinese products, worth more than 4-5 lakh crores a year, leading to unabated industrial closures, large scale unemployment and wide trade deficit for the country, ranging between $45 to $52 billion a year in last 3 years, the highest and 45% of the country’s total deficit. In the bilateral trade of $71 billion last year, China has exported goods worth of $58.33 billion to us, and imported goods worth mere $11.76 billion. Consequently, due to wide trade gap, the value of Rupee has sharply declined by 30% in 6 years, from Rs 50 in 2011 to Rs 65 per dollar now. Besides more than 300 industry verticals, 200 industry clusters and 3 lac small and medium scale units are facing  imminent closure, whereby more than a crore persons may be rendered jobless either directly or indirectly. All types of large and small scale industries ranging from cycle, cycle parts, furniture, stationary, toys, glass, plastics, LED bulbs to electricals, electronics, computer hardware, solar panels, telecom, radical tyres, machine tools, steel, textile, leather wears, pharma, agrochemicals and so on have been turning sick, one after the other, as a result of trade war being waged by China, aimed at deindustrialization of one sector after the other and one industry cluster after the other. 

China first targets a sector to lead closures by cheap dumping and then raises price to exploit us. For instance, after causing closure of several bulk drug and Active Pharma Ingredient units, now China is exploiting India in several industry verticals. It has doubled the price of Amoxicillin in a year and raised the price of Folic Acid 11 times from Rs. 4,500 per kg to Rs. 50,000 per kg in 2016. India has been adding value to Chinese brands, for instance more than 50% smart phones being sold in India are Chinese and several Chinese brands have gained international repute solely from the patronage of Indian buyers. In March 2017, Indian buyers have contributed 73% of total international sale of Vivo brand of Chinese smart phone, 67% for Xiomi, 48% for Oppo, 42% for Lenovo, 25% for Gionee and so on. In the computers, the largest selling P.C. is the Chinese Lenovo, and its cheap dumping in the last 5 years has led to the closure of both the computer hardware manufacturing units of India viz. the Zenith and Wipro. Today, more than 80 percent of the solar panels and allied equipments being imported are Chinese, almost rendering the domestic equipment manufacturers sick. The import surge from cheap dumping by China has been causing severe industrial sickness and closures, leading to huge non-performing assets (NPAs) for banks. The cost-of-production of solar panels in China is $0.51 per kw, while they are dumping them at a price of $0.40 per kw, solely to cause closure of Indian units. The US had to impose 238% antidumping duty on Chinese panels to save its industry. India too may impose all three types of protective duties on cheap Chinese dumpings. The three kinds of duties are the safeguard duty (to save and safeguard domestic industry), the countervailing duty (to offset the Chinese subsidies) and antidumping duty (to prevent dumping at below the domestic costs and prices). 

China has acquired 22% share in world manufacturing, even pushing the US at number 2 with mere 17.6% share in world manufacturing, where as India has only 2.1% share in world manufacturing. By importing Chinese goods worth Rs. 4 lac crores on record and a little less than this of the record or by under-invoicing. So, we are empowering a formidable enemy like China, by adding Rs. 6-7 lac crores per annum into their GDP or manufacturing,  by importing and buying their goods. China is already five times larger economy than Indian economy, with a ten fold higher contribution in the world manufacturing our growing imports and buying of Chinese economy would create even bigger gap. A comparison of some economic indicators is worth mention and is being given in table 1.

Head	China		India		Ratio China: India
GDP	2016	$11.2 Trillion	$2.2 Trillion	2016	5.1:1
GDP per capita	2016	$8,113	$1,701	2016	4.8:1
Expenditure	2015	$3,515 billion	$629 billion	2016	5.6:1
Expenditure (%GDP)	2015	31.32%	27.90%	2016	1.1:1
Expenditure Per Capita	2015	$2,558	$475	2016	5.4:1
Defence Expenditure (B.$)	2015	$217.8 billion	$50.1 billion	2015	4.3:1
Defence Expenditure P.C.	2015	$159	$38	2015	4.2:1
Moody's Rating [+]	5/24/2017	A1	Baa3	11/16/2016	-
S&P Rating [+]	12/16/2010	AA-	BBB-	1/30/2007	-
Fitch Rating [+]	11/21/2016	A+	BBB-	5/2/2017	-
Exchange Rate Euro / Chinese yuan	7/6/2017	7.7443	73.7325	7/6/2017	0.1:1
Inflation: CPI (overall index)	May-17	1.50%	3.60%	Nov-16	0.4:1
Motor vehicle production	2016	2.8 crore	44.8 lac	2016	6.2:1
Vehicles / 1,000 people	2014	104.13	21.62	2014	4.8:1
Exports [+]	2016	$2098 billion	$264.0 billion	2016	7.9:1
Exports  as % GDP	2016	18.70%	11.70%	2016	1.6:1
Imports	2016	$1587 billion	$359 billion	2016	4.4:1
Imports as % GDP	2016	14.15%	15.91%	2016	0.9:1
Trade balance	2016	Surplus of                  $510.7  billion	Deficit of                $106  billion	2016	-
Trade balance  as % GDP	2016	(+) 4.55%	(-) 4.21%	2016	-
Population	2016	1,382,710,000	1,326,802,000	2016	1.04:1
Life expectancy	2015	75.99	68.35	2015	1.1:1
Number of homicides  (Murder) [+]	2012	11,286	41,623	2014	0.3:1
Rate Homicides per 100.000 [+]	2012	0.8	3.2	2014	0.25:1
CO2 Emission: Tons per capita [+]	2015	7.73	1.87	2015	4.1:1

Source: http://countryeconomy.com/countries/compare/china/india

Chinese hostilities are perpetuating ever since the installation of communist regime in 1949 and it has attacked in 1962 and forcibly grabbed 38,000 square kilometer area of in India Aksai China, approximately equivalent to the area of Switzerland, having an area of 41,000 square kilometer. Now, it has been relentlessly committing boarder violations ranging between 150-400 in a year, atrociously terrorizing our citizens residing in the boarder areas, obstructing our entry into prestigious international fora like the Nuclear Suppliers Group and the United Nations Security Council (UNSC) and vetoeing our anti-terror proposals in the UNSC. 

China has seven times vetoed against India’s proposal to get Maulana Masood Azhar declared as an international terrorist, the most dreaded LeT terrorist released after Kandhar plane hijack and who had established Jaish-E-Mohammed, another terrorist outfit. It has also vetoed India’s proposal in the UNSC brought against Jammat-ud dava on 3 occasions, once in case Al- Akhatar Trust once each in cases of Abdur Rahman Makki, Azam Chima, Hizbul Mujahuddin and Salauddin. In these one dozen vetoes no Chinese interest was involved, except to inflict insult and humiliate India. Recently in this June, China has even begun constructing a road from Doklam in Bhutan (inspite of fierce Bhutani resistance and India’s oppositions), to illegally pass through Sikkim and for upto Siliguri, from where it can pose threaten to the chicken’s neck, connecting the North-East with the rest of India. It has even, forcibly dismantled two bunkers of Indian army in Sikkim by bulldozers, and our army had to forcibly evict the Chinese security forces, last month. Moreover, by increasingly buying Chinese goods, we are profusely contributing to the Chinese exchequer, more than what China is spending to create hostilities on Indian boarder. On a turnover of around 6 lakh crores (4lakh crore on record and 2 lakh crore unaccounted) the revenue contribution to Chinese exchequer from over purchases comes to around Rs. 72,000 crore, if we presume a flat 12% Tax-GDP ratio on Chinese goods. Already, China is much farther in defence preparedness with 2 fifth generation stealth fighter aircrafts in its arsenal, while we are still working on non-stealth 3^rd generation fighter and straggling to buy 4^th generation Rafale and aspiring to assemble another non-stealth fourth generation fighter F-16. Stealth fighters are those which can evade radar. A comparision of the armed forces of the two is worth mention here, and is being given in table 2.

Title	India	China	Ratio China: India
1.   Active Duty Military Personnel	Regular 1.3 Million	Regular 2.3 Million (World’s Largest)	1.8:1
	Reserve 1.1 Million	Reserve 2.3 Million	2.1:1
2. Armoured Strength:
a.       Main Battle Tanks	1500	7950	5.3:1
b.      Other Tanks	2400	1200	0.5:1
c.       Armoured Fighting Vehicles	6500+	4600+	0.7:1
3. Projectiles:
a.       Self Propelled Guns	290	1710	5.9:1
b.      Towed Guns	7500+	6246+	0.8:1
c.       Multiple Rocket Launchers	300+	1770	5.9:1
4. Air Force (Fixed Wing Aircraft):
a.       Air Superiority Fighters	370+	662	1.8:1
b.      Other/Ground Attack Fighters	258	1115	4.3:1
c.       Transport Aircrafts	240+	782+	3.3:1
5. Air Force (Rotary Wing Aircraft):
a.       Helicopters (Including Army)	600+	832+	1.4:1
b.      Attack Helicopters (Including Army)	Around 30	240+	8:1
6. Naval Prowess:
a.       Aircraft Carries	1 (with 5th Gen stealth Aircraft) 6 More to be added	1 (With 4th Gen Aircraft) 1 Under construction	-
b.      Destroyers	10	26	2.6:1
c.       Frigates	14	47	3.4:1
d.      Corvettes	26	25	0.9:1
e.       Submarines	15	68	4.5:1
f.       Other Vessels	Around 87	Around 450	5.2:1
g.      Air Arm	Fighters 39 All Others 91	Fighters 324 All Others 245	4.4:1
	Helicopters 232	Helicopters 114	0.5:1
7.  Strategic Missiles	54	In Hundreds	1.9:1
8. Nuclear Missiles	90-100	260+	2.6:1

The Chinese had even diverted water from a tributary of Bramputra in retaliation against our surgical strike in Pakistan, expressing solidarity with Pakistan. China has also been developing the “China-Pak Economic Corridor (CPEC)” and the “One Belt One Road (OBOR)” through Pak occupied Indian Territory of Jammu & Kashmir, defying our objection. Once the OBOR, connecting 65 countries through rail, road and maritime routes with Chinese domain over this new silk route, China would emerge as a more formidable neo colonial super power for the world.

 It is worth mention here that Chinese economy at present is in the worst doldrums, after 25 years of relentless growth, wherein the China has itself estimated lowest ever economic growth rate for 2017, almost after 25 years. The International Rating Agency Moody has also downgraded Chinese Credit rating, first time in 28 years. Chinese corporate debt has shooted up to $18 trillion, almost equal to 170% of their GDP and the total debt of the Chinese economy is at $28 trillion, almost equal to 250% of its GDP. At a time, when the US is already going to eliminate, its huge trade deficit of $350 billion with China and on this occasion, if in India we would also boycott Chinese goods, then the Chinese economy is bound to falter. But, if we would continue to bolster the Chinese economy by purchasing Chinese Products and brands, then this formidable enemy of India and of the global mankind, would be difficult to handle and tame. People, worldwide must be encouraged to boycott Chinese goods, through calls on social media, as China is the largest polluting country in the world, causing worse ever human rights violations not only in the China, Tibbet and Hong Kong but, into several other countries across the Asia and Africa. So, India can now well pull the trigger to give a decisive blow for precipitate a crisis in the Chinese economy, by boycott of Chinese goods and inspiring people around the world, to curb the hegemony of this neo colonialising Chinese regime, grabbing vast resources in Africa and elsewhere, and for posing serious threat to the environment, global peace, tranquility and human rights violations across the world.