The Centre's decision to draw a list of 275 Chinese apps would severely affect Chinese investor confidence in India and, in turn, the foreign direct investments that the country attracts, Global Times, a Chinese state-run media group, said in a report. "It means nearly all capital from China will plummet to virtually zero," the report cited quoting Sha Jun, executive partner in the India Investment Services Center of Yingke Law Firm.
"There was almost zero Chinese investment in India's manufacturing sector in the first half. If the fresh move against Chinese apps comes to pass, all Chinese firms will certainly prepare to retreat from the country," he noted.
On Monday, The Economic Times reported that India has drawn up a list of 275 Chinese apps that it will examine for any violation of national security and user privacy. The list includes gaming app PubG backed by China’s most valuable internet major Tencent, Zili by phone maker Xiaomi, AliExpress by e-commerce giant Alibaba as well as apps like Resso and ULike from TikTok-owner ByteDance.
Last week, the government had banned 47 variants of 59 Chinese mobile applications that it had banned last month. The Centre has directed Google and Apple to comply with the order soon after “due process is followed.”
