The China-Global South Project (CGSP) | South Africa joined a growing list of developing countries around the world to introduce tariffs on certain Chinese imports in a bid to protect local producers. Indonesia, Mexico, Chile, and Brazil, among others, also introduced similar duties on Chinese steel and other products. While low-cost Chinese goods are a boon for Global South consumers, they’re extremely problematic for manufacturers in these countries because it’s almost impossible to match the “China Price”. Chinese factories can produce goods at a scale and cost that remains unrivaled, and now, according to a new report by the consultancy Rhodium Group, they’re flooding markets in Africa and other developing regions. Camille Boullenois, a Director of Rhodium Group’s China projects team, and Austin Jordan, a Senior Analyst at Rhodium Group, join Eric and Cobus to discuss their new report and why this trend is potentially debilitating for many of the world’s least developed countries.
Escute o Podcast