China has quietly distributed more than $30 billion in so-called “emergency loans” to financially-distressed developing countries in recent years, according to new data compiled by AidData. Details of the loans have not been publicized but analysts believe they’re intended to help borrowers avoid defaulting on Chinese-financed infrastructure loans in BRI countries. Pakistan, Sri Lanka and Argentina are the top recipients. (FINANCIAL TIMES)
South African motorists will have to pay much more for imported Chinese tires after the government imposed a 39% tariff. The move was in response to complaints by the SA Tyre Manufacturers Conference which represents both South African and international tire makers that Chinese importers were selling at below market rates that were described as “predatory.” Almost half of all imported tires to SA come from China. (NEWS 24)
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