Make in India vs Made in China

Beijing: Seeking to retain its manufacturing prowess, Chinese government has launched a "Made in China" campaign with a host of tax concessions coinciding with Prime Minister Narendra Modi's "Make in India" pitch. China will encourage high-tech imports, research and development (R&D) to upgrade 'Made in China', a release by the Chinese central government said. Companies that bought new R&D equipment and facilities after January 1 or possess minor fixed assets will have taxes reduced based on value, the Cabinet, presided over by Premier Li Keqiang, has decided. The new decision coincides with the global launch of Modi's 'Make in India' campaign on Thursday. The Indian Embassy here, Consulates in Guangzhou, Shanghai and Hong Kong held special investment promotion events, showcasing the 'Make in India' campaign.