Beijing Urges India to Treat Chinese Firms Fairly After Xiaomi Threat Claim

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Beijing Urges India to Treat ******** Firms Fairly After Xiaomi Threat Claim

China on Monday urged India to ensure ******** companies operating in India were not discriminated against, after Xiaomi Corp said its executives there had faced threats of ********* during questioning over alleged ******** remittances.

Reuters reported on Saturday that Xiaomi, the biggest smartphone seller in India, had outlined the alleged threat from officials of the Enforcement Directorate — which tackles financial ****** in a court filing.

The Enforcement Directorate called the allegations untrue.

In late April it seized $725 million (roughly Rs. 5,600 crore) in Xiaomi’s India bank accounts, saying the firm had made ******** remittances abroad “in the guise of” royalty payments.

Xiaomi denies wrongdoing and says all its royalty payments are legitimate.

A ******** foreign ministry spokesperson, asked about Xiaomi’s court filing, said Beijing resolutely upheld ******** companies’ rights and interests.

“China hopes India will provide a fair, just, non-discriminatory business environment to ******** companies with investments and operations in India, carry out investigations in compliance with the law, and enhance international investor confidence,” spokesperson Zhao Lijian told a news briefing in Beijing.

Neither the Enforcement Directorate, nor spokespeople for the government or Xiaomi, which has a 24 percent share of China’s smartphone market and around 1,500 staff there, immediately responded to Reuters requests for comment.

Many ******** companies have struggled to do business in India since a clash between soldiers on the countries’ border in 2020. The government has cited security concerns in banning more than 300 ******** apps since then — including TikTok — and tightened norms for ******** companies investing in the country.

A court last week put on hold the Directorate’s move against Xiaomi’s accounts pending a hearing on May 12.

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