Monday 15 February 2021
Last year, tensions between India and China were at a peak after multiple clashes at the border. Trade between the two countries fell by 5.6% as compared to 2019, and India began scrutinizing investment proposals from Chinese firms. However, China’s mobile phone makers had a strong year. A report from analyst firm IDC suggests that Chinese phone makers had more than 70% of the market in 2020. This indicates that the majority of Indian consumers are buying a device made by a company from the neighboring country. The report also notes that after multiple years of growth, the smartphone market fell…
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