tribuneindia.com

China Calls for Fair Environment as SFIO Recommends Probe Into Xiaomi India

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Sig3.45Sen-4.10Env0.00Soc0.00Gov-4.30

China urged India to maintain a fair, transparent and non-discriminatory climate for overseas firms after India’s Serious Fraud Investigation Office recommended a detailed probe into Xiaomi’s business practices in India. The review would examine fund movements, beneficial ownership and whether required foreign-investment approvals were obtained, amid efforts to ease bilateral economic frictions ahead of President Xi’s BRICS visit.

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