Motivations and Impact of India’s Crackdown on Chinese Enterprises
摘要
This study examines India’s escalating regulatory measures against Chinese enterprises following the 2020 Galwan Valley border clash. Historically, India-China relations have been marked by sporadic border tensions since 1962 and India’s first anti-dumping investigation in 1992. Since 2020, however, more systemic restrictions have emerged, including intensified anti-dumping probes targeting Chinese exports, investment barriers introduced under Press Note 3 (2020), and operational constraints on Chinese firms operating in India. Three interrelated drivers underpin this shift: persistent border security concerns, industrial policy goals under “Made in India,” and strategic alignment with U.S. Indo-Pacific initiatives. These measures contravene international investment norms and undermine bilateral economic interests, as reflected in India’s 16.3% year-on-year decline in FDI in FY2022–2023. Drawing on policy document analysis and sectoral case studies (2014–2024), this research demonstrates how geopolitical factors reshape commercial environments in emerging economies, with far-reaching implications for global supply chains and South-South cooperation.