00:00China will not dump its goods in other countries despite its trade and tariff tensions with the US.
00:07Beijing's ambassador to India, Sufe Hong, writes this as he addresses concerns about potential influx of cheap Chinese products flooding other markets.
00:17The trade war between China and US has raised concerns that Chinese firms may divert goods to other markets, hitting competitiveness of exports from other countries.
00:30Since US President Donald Trump took office, China and the US have imposed tariffs over 100% on each other's goods, rattling global markets.
00:39Last week, India, the worst second-largest producer of crude steel, imposed a 12% safeguard duty on some steel imports to curb a surge of cheap shipments, primarily from China.
00:51This influx of Chinese steel has forced some Indian mills to reduce operations and consider job cuts.
00:57India is among several countries taking steps to protect local industries.
01:02After a 2020 border clash source relations, India restricted Chinese investments.
01:07However, both nations are working to rebuild ties with Chinese President Xi Jinping,
01:12urging closer cooperation with Indian President Drupadi Murmu this month
01:16as they exchange congratulatory messages celebrating the 75th anniversary of their diplomatic relations.
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