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Latin American anger grows over China's economic clout (www.dw.com)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 16 points 3 months ago* (last edited 3 months ago) (1 children)

outraged retailers in Brazil

Here's what happened: Retailers that do nothing but import white-label Chinese products and slap a label on it got angry that people started cutting off the middle man.

In Brazil, international purchases lower than 50 USD weren't taxed on the federal level, but now they paid congress off to add a 20% tax (they wanted a higher number but had to compromise) and are lobbying for states to increase their own taxes.

So really, when you read "Latin American anger", it's more "rich Latin American parasites's anger"

[–] [email protected] 1 points 3 months ago

If the tax also applies to retailers buying in bulk then maybe it'll have some benefit to local business

[–] [email protected] 4 points 3 months ago

"Recently, the challenges and risks related to the rise of China as a dominant actor in many economy and technology areas have become more and more apparent in Latin America as well," Christian Hauser, an expert on Latin America at the University of Applied Sciences in Graubünden, Switzerland, told DW.

Various Latin American societies are increasingly feeling that it's predominantly Beijing which has profited from the region's economic relations with China, said Hauser. Therefore, he said, current criticism of China's trade practices could become even more pronounced."

[–] [email protected] 1 points 3 months ago

This is the best summary I could come up with:

The blockade of Guatemalan goods is one of several minor conflicts beginning to overshadow China's course in Latin America, which has long been oriented toward growth and expansion.

Those conflicts were, however, of a different nature, Vladimir Rouvinski, an associate professor with the Department of Political Studies at Icesi University in Cali, Colombia, told DW.

In Costa Rica, the government urged one of the managers of state-owned energy supplier ICE to leave the company after some 70 high-ranking employees had visited a party organized by Chinese technology giant Huawei.

According to Brazilian media, Chinese online retail platform AliExpress was "surprised" by the decision, as the tax would primarily hit the poorest and discourage foreign investment in the country.

In the textile industry, considerable anger has been directed at Chinese suppliers, because conglomerates such as Shein, which don't produce their goods under the same conditions and general framework as small Brazilian firms, are pushing thousands of local companies out of the market.

According to reports by Nicaraguan media critical of the government, Chinese companies operating in the country have received 13 mining concessions within little more than half a year.

The original article contains 712 words, the summary contains 188 words. Saved 74%. I'm a bot and I'm open source!