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Stop 'regulatory attack' on Chinese companies, Global Times advises India following Xiaomi accusations – BollyInside

News Snapshot:

After smartphone maker Xiaomi Corp alleged threats of “physical violence” in Indian investigations, state-backed Chinese daily Global Times said India should stop its “regulatory assault” on Chinese enterprises. Xiaomi informed an Indian court on Saturday that during questioning by an Indian agency probing illegal transfers, its top executives faced threats and pressure. The allegations were labelled “untrue and unsubstantiated” by the Enforcement Directorate. In an opinion article published late Sunday, the Global Times cited the report, saying that the ambiguity surrounding Xiaomi’s “regulatory predicament should raise a red signal for India” and urging New Delhi to end its “regulatory onslaught…

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