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Tuesday, February 28, 2023

Kenyan Traders Protest Chinese Competition

 Reuters published on 28 February 2023 an article titled "Kenyan Traders Protest against Chinese Competitors Cheap Prices" by Duncan Miriri.

More than a thousand Kenyan traders protested in Nairobi against a new Chinese-owned retail shop they accuse of undercutting them with prices that are about 50 percent lower.  

Comment: While the Kenyan traders are rightly unhappy, Kenyan consumers likely welcome the lower prices.  The question is whether Chinese importers are playing by the rules and paying full customs duties.