Details

Chinese businessmen in India: Let politics be politics, and business be business.


03-15

     As Chinese companies expand in India and their Indian counterparts establish businesses in China, economic and trade exchanges between China and India have become one of the core aspects of the bilateral relationship.

Nestled in the lush Malcha Marg district, Amour Bistro, specializing in Italian and Mediterranean cuisine, is located just 500 meters from the Chinese embassy in South Delhi. 500 meters away Next to it is a restaurant called Fujiya, serving Japanese and Chinese cuisine.

Iron chandeliers, vintage wooden furniture, and Ariana Grande's "Love Me Harder" playing in the air—it's hard to imagine this rustic bistro having anything to do with Indian tandoori chicken or Bollywood. But he insists on using his Indian name, Amit, and wants to talk about Aamir Khan's latest film, Dangal.

"Dangal is great ", he says, "Do you know how much this movie made in China? Over 13 billion rupees . Amazing. Amit's unusual fondness for Bollywood and tandoori chicken is surprising, as his real name is Li Jian.

Economics, or politics

"When the Chinese dragon meets the Indian elephant, the Draphant is born," Amit says with a smile, " Indian startups and Chinese pioneers can create miracles

He has invested over 10 million rupees in Indian startups. Amit says that Zhu Fan has assisted in approximately $137 million in Chinese investment in India over the past four years. In recent years, there has been a surge in investment from Chinese businessmen in India, covering sectors such as mobile phones and e-commerce.

He says, "In the past two years, Chinese companies (including those through Hong Kong, Singapore, Mauritius, etc.) have invested over $4.2 billion in India, which is a very impactful figure."

     However, how does this surge in private investment fare against the somewhat severe political rhetoric of recent weeks?

Last week, the Chinese embassy in India issued a warning to Chinese residents in India and those planning to travel to India, advising them to exercise caution and reduce unnecessary visits.

Amit hopes that Sino-Indian business exchanges will not stall, and he is confident that Chinese businesses are continuing as usual. "I hope the two countries can resolve issues at the political level, separating politics from business

Amit hopes that simple economic principles can be understood by Indians. "$4.2 billion is no joke," his voice rises, "Do you think that a country investing this much money would harm the interests of the host country?"

Two countries with equally long histories have witnessed similar development patterns, with strategic cooperation intertwining, forming two huge, developing economies.

    The experiences of Japan and the United States are not suitable for India. China, Amit believes, is India's best partner for growth. He says, "Japan helped upgrade India's auto industry, but China can help upgrade India's precision electronics industry." He stated that Chinese companies in India give more than they receive, and focusing on business rather than other distractions is very meaningful.

The Renminbi Business

Amit is not the only one focusing on this; his compatriots are working together to take this to the next level. 25 kilometers from Malcha Marg, in Gurgaon's Time Tower, is the headquarters of Alibaba's mobile business in India, including UC Web, UCBrowser, UC Union, and 9 apps.

On a humid Thursday afternoon, several Chinese employees are taking a smoke break outside the building. Of the more than 160 employees in the Gurgaon office building, one-fourth are Chinese. Sitting on the first floor is Wu Haoran (English name: Constantin), the head of marketing and branding for Alibaba's mobile international business. For him, who has been with OPPO India for over a year and a half, only business matters.

   "So far, my trip to India has been wonderful. It has paved my career path," Constantin, who joined Alibaba India in 2015, says, " our prospects here are very bright

Constantin lists several factors that make India attractive to investors: a growing population, an inclusive culture, people's willingness to try various apps, and a continuously developing economy.

" Anyone who underestimates the potential of the Indian market is deceiving themselves he says, and points out that the two countries have many similarities in their economic development paths.

Constantin adds that deeper economic cooperation between the two countries will help build trust. Currently, China has abundant capital, while India, as an emerging market, needs external investment.

Take the e-commerce industry as an example. In just one year, China's investment in this industry has risen from $464.8 million in 2016 to $1.9 billion in 2017.

Several successful startups, including Flipkart and Paytm, have received investment from China. In recent years, Chinese investors have become increasingly visible. Constantin says, " Cooperation benefits both sides

The Truth in Mandarin

Meanwhile, in Mumbai, Nazia Vasi, President of Inchin Closer, is doing her best to facilitate a business deal between China and India.

Vasi started providing language and cultural consulting services in January 2010, aiming to help eliminate misunderstandings between people of both countries in communication She pointed out that InchinCloser's goal is to create a communication platform for Chinese and Indians, promoting mutual understanding between the two sides foreseeably ahead for a good future.

With experience living in China and studying Chinese, Vasi's business has developed very well, growing at a rate of 20% annually. She has established centers in Powai, South Mumbai, and Bandra, where 3 Chinese teachers teach Chinese to over 80 students. Her students include lawyers, jewelers, bankers, entrepreneurs, and businesspeople.

     The expansion of Chinese language learning demand is due to the increase in job opportunities requiring Chinese language skills Vasi said that with the expansion of Chinese companies in India and the development of Indian counterparts' businesses in China, communication has become the core of cross-border business. Due to supply falling short of demand, Indian translators who can perform Chinese-Indian interpretation earn very high salaries.

Protesting groups

However, an undercurrent of boycotting China is also gradually accumulating Co-founder of Swadeshi Jagran Manch, an affiliate of the Rashtriya Swayamsevak Sangh Ashwani Mahajan planned protests against Chinese financial power in India.

While acknowledging that Chinese investors have become an important part of India's emerging enterprise ecosystem and Chinese companies are helping startups with their experience, Gupta stated that investment also brings competition, which Indian competitors are not yet ready to face.

"This gives local Chinese companies time to survive and grow," he said. But the Indian market is open. Back in Gurugram, entrepreneurs like Amit still yearn for deeper China-India cooperation.

China, Amit stated, is bringing manufacturing technology to India. Chinese companies in India are low-key and practical, promoting tax revenue, creating jobs, introducing technology, giving back to society, and not causing trouble for local residents.

He said: "We don't like to be publicized, whether positively or negatively."

Perhaps this explains why Chinese mobile device companies and invested startups in India have not responded.

       Last year Amit and his wife Zhao Feiyun, who had their wedding in China in July, held another Indian-style wedding in India last December. "The priest always chants 'Svaha' (achieve auspiciousness) during rituals," he said with a smile, " I hope the relationship between China and India can also be blessed and last long.

Latest News

Zhenghe Exhibition visited Nigerian automotive technology and other industry associations to promote cooperation on the 2025 Nigeria (Lagos) China Goods Expo.


From January 3rd to 6th, 2025, representatives of Zhenghe Exhibition's overseas staff successively visited the secretariat of the Nigerian Automotive Technicians Association (NATA), the Amalgamated Union of Automobile Motor Mechanics and Technicians of Nigeria (AUOMMATON), and the Motor Mechanics and Technicians Association of Nigeria (MOMTAN). This visit primarily focused on in-depth discussions and exchanges regarding cooperation for the 2025 Nigeria (Lagos) China Commodities Fair. During the meetings, representatives of Zhenghe Exhibition's overseas staff introduced the basic situation of the Nigeria (Lagos) China Commodities Fair to the heads of the business associations. The heads of the various business associations acknowledged the significant achievements made by the exhibition in recent years. During the discussions, the three industry association leaders provided detailed information about their respective associations. As leaders and promoters of associations related to the automotive industry in Nigeria, these three associations have a wide influence in Nigeria and even West Africa. Against the backdrop of continuously deepening and upgrading China-Africa cooperation, they expressed high expectations for actively promoting trade cooperation between Nigeria and China in the automotive industry. The heads of the associations also stated their willingness to work with Zhenghe International Exhibition to jointly promote the continuous development of the Nigeria (Lagos) China Commodities Fair, uniformly organize member units to participate in the exhibition, and conduct one-on-one matchmaking discussions with Chinese exhibitors. As Africa's second-largest economy and most populous country, Nigeria has a huge demand for automotive and auto parts products, largely relying on imports. In Nigeria, over 90% of Nigerians tend to choose 'tokunbo' (used cars), which makes the 'tokunbo' distribution business very profitable in Nigeria. With the Nigerian government relaxing age restrictions on imported used cars, the volume of used car imports will further increase. Consequently, the auto parts market, both upstream and downstream of Nigeria's used car industry chain, will also see more opportunities. After years of operation by Chinese automakers, Chinese cars have established considerable 'prestige' in Nigeria. At the same time, the scarcity of local car repair outlets and the high cost of spare parts in Nigeria also indicate immense potential for Chinese auto parts exports to the Nigerian market.

01-09

Read Full Article →

Deep cultivation of fertile soil ensures abundant blossoms - The 2025 Nigeria Lagos China Commodities Fair embarks on a new journey!


Nigeria is an important trade partner and investment destination for China in Africa, and also China's largest contracted project market in Africa. In 2023, the new contract value for Chinese enterprises' contracted engineering business in Nigeria reached 10.45 billion USD, with a turnover of 3.98 billion USD. On September 3, 2024, China and Nigeria issued a joint statement announcing the establishment of a comprehensive strategic partnership, promoting the building of a high-level China-Nigeria community with a shared future, and explicitly strengthening cooperation in areas such as infrastructure construction. Chinese Products are Hot-selling in the Nigerian Market under the Framework of China-Africa Cooperation According to data from the General Administration of Customs, from January to July 2024, China's imports and exports with Africa totaled 1.19 trillion CNY, a year-on-year increase of 5.5%. In 2023, China-Africa trade reached a historical peak of 282.1 billion USD, a year-on-year increase of 1.5%, demonstrating the strong resilience of China-Africa trade. Among them, trade between Nigeria and China is booming. In 2023, the total trade volume between China and Nigeria soared to an astonishing 281.777 billion USD, with China's exports to Nigeria reaching 172.469 billion USD, highlighting the immense appeal of Chinese products in the Nigerian market. The main hot-selling products fall into the following major categories: 1. Electromechanical Products and Agricultural Machinery Products From efficient power generation equipment to reliable electrical products, China's electromechanical products have continuously met Nigeria's growing needs and directly promoted the rapid development of its infrastructure construction. In addition, hardware tools, power tools, construction machinery, and other electromechanical products are also very popular. The import of agricultural machinery, food machinery, and packaging machinery has adapted to the development needs of Nigeria's agriculture and food processing industries. At the same time, industrial manufacturing-related electromechanical products such as machine tools provide strong support for Nigeria's industrial development. 2. Textile and Garment Products Nigeria is Africa's most populous country, with a current population exceeding 227 million, leading to huge domestic market demand. Textiles and clothing are major export items from China to Nigeria, accounting for 15% of China's total exports to Nigeria. Statistics show that in 2022, Nigeria's textile and garment imports reached 110 million USD, with China being its largest source country, accounting for approximately 47% of the total imports, almost half. As Nigeria's urbanization accelerates, more young people are eager to express themselves. In terms of fabrics, wax prints with unique craftsmanship and patterns, and brightly colored African jacquard fabrics are popular; for finished garments, shirts and sportswear with Chinese cultural elements or designs that align with local aesthetic preferences are highly sought after; regarding accessories, exquisite embroidery and unique buttons could also be among the featured products. 3. Auto Parts Products Nigeria is considered Africa's largest potential automotive market. In Nigeria, over 90% of Nigerians prefer "tokunbo" (used cars), making the "tokunbo" distribution business very profitable in Nigeria. With the Nigerian government relaxing age restrictions on imported used cars, the volume of used car imports will further increase. Therefore, the auto parts market, both upstream and downstream of Nigeria's used car industry chain, will also see more opportunities. 4. Wigs and Hair Products Eight out of every 10 Nigerian women wear wigs. Nigerian women have a particular preference for wigs and hair extensions, creating a substantial market for hair products of various sizes and prices. Furthermore, there is also significant demand for hair care products such as shampoos, relaxers, hair creams, and detangling brushes. 5. Building Materials, Hardware Accessories With the acceleration of urbanization and the continuous advancement of infrastructure construction in Africa, the African building materials and hardware market is showing vigorous development. 70% of hardware products in the African market rely on imports. The demand for hardware products is mainly concentrated in saw blades, steel pipes, and various types of mechanical hardware. From "Whether to Go" to "How to Go," Enterprises "Have a Soft Spot" for the African Market From surveying the Nigerian market in 2002 to bringing the Nigeria (Lagos) China Commodities Expo to the public's attention in 2007. In the blink of an eye, Zhenghe Exhibition has been organizing the Nigeria (Lagos) China Commodities Expo for over 17 years. Throughout the 53 years of China-Nigeria diplomatic relations, Zhenghe Exhibition has made every effort to actively assist in deepening the economic and trade relations between enterprises of both countries! Over these 17 years, we have organized thousands of enterprises from over 20 provinces and cities, including Hebei, Jilin, Liaoning, Shandong, Fujian, Zhejiang, Henan, Hubei, Hunan, Jiangsu, Anhui, Guangdong, Beijing, Shanghai, Tianjin, and Chongqing, to participate in the exhibition. Exhibits covered various fields such as agricultural machinery, vehicles and parts, construction machinery, hardware building materials, power equipment and new energy products, textiles and garments, beauty products, and daily necessities. With the strong support of the nation, we worked together with the participating enterprises to overcome difficulties, enabling each exhibiting enterprise to take root, blossom, and bear fruit in Nigeria! According to incomplete statistics, the 2024 Nigeria Lagos China Commodities Expo achieved an intended transaction volume of 82 million USD on-site, with many popular products signed on the spot. 2025, Embarking on a New Journey In nearly two decades of deeply cultivating Africa, we have witnessed the beautiful scenery and unique charm of the African continent, and even more strongly felt the African people's fervent aspiration and passionate pursuit of a better life. We have also jointly witnessed the transformation of Chinese enterprises in Africa from scratch to growth, from daily necessities to steel, aluminum, and mechanical equipment. The African market has demonstrated unprecedented investment potential and development opportunities. At this critical period in the development of China-Africa relations, Zhenghe Exhibition will actively combine our "first-mover advantage" with "African endowments," act as a bridge, and facilitate more "Made in China" products entering and becoming popular in Africa.

12-06

Read Full Article →