How can we stop china’s move in Africa? Ethiopia’s economy is crippling.
Posted: 17 Dec 2019, 10:49
Although China’s support to our country is enormous( especially, our city,Addis Abeba is becoming world class mega city), our economy is more or less controlled by china’s imported goods. It is very disturbing to see all shops in Addis Abeba is full of Chinese products. It looks as if we are colonized. All we can see, when one building’s construction is completed, stacked with Chinese clothes immediately. Nowadays it is a blessing to see products from European countries and US.
I remember before Chinese flooding our market, I saw different clothes produced in England, and beautiful socks made from France on the market. That is not possible to see now, what happened?
China single-handedly are monopolizing the market at same time pushing European to the edge. Once a time, I made visit to electronics devices repairer, he was very skilled; at that time , Chinese product were starting flooding the market. But after sometime, I found this repairer on street begging people on the street to buy his repairing materials (like screws…). I was shocked, I suspected that the reason for quitting his job was the arrival of cheap Chinese products. As a result, no one would dare to go to his shops as far as everybody got products with the cheapest price. This could also cripple all markets easily (especially products from local and European).
Amazingly, at the start Chinese products were on the market at very low prices. For example , at the time ( just at the time chines start flooding the market), one France made socks was sold at 30 birr. Astonishingly, similar socks from chines were available on the market at 4 birr. This is very astonishing. Who would buy the more expensive socks made from France? No one. But now these socks are available on the market at more than 30 birr. Why? All we can see that this is just a trick to put pressure on European products and to monopolize alone.
We are hearing the same complaints from Africans from different countries. Indeed, we have to do something to obviate this problem that almost made our product incompetent. I believe that one way of circumventing this hindrances is just to stop devaluation of our currency- birr. In addition, we should stop borrowing from china and start paying our debt step by step.
I remember before Chinese flooding our market, I saw different clothes produced in England, and beautiful socks made from France on the market. That is not possible to see now, what happened?
China single-handedly are monopolizing the market at same time pushing European to the edge. Once a time, I made visit to electronics devices repairer, he was very skilled; at that time , Chinese product were starting flooding the market. But after sometime, I found this repairer on street begging people on the street to buy his repairing materials (like screws…). I was shocked, I suspected that the reason for quitting his job was the arrival of cheap Chinese products. As a result, no one would dare to go to his shops as far as everybody got products with the cheapest price. This could also cripple all markets easily (especially products from local and European).
Amazingly, at the start Chinese products were on the market at very low prices. For example , at the time ( just at the time chines start flooding the market), one France made socks was sold at 30 birr. Astonishingly, similar socks from chines were available on the market at 4 birr. This is very astonishing. Who would buy the more expensive socks made from France? No one. But now these socks are available on the market at more than 30 birr. Why? All we can see that this is just a trick to put pressure on European products and to monopolize alone.
We are hearing the same complaints from Africans from different countries. Indeed, we have to do something to obviate this problem that almost made our product incompetent. I believe that one way of circumventing this hindrances is just to stop devaluation of our currency- birr. In addition, we should stop borrowing from china and start paying our debt step by step.