China Turns To Nigeria, Other Emerging Economies As US Markets Freeze - Politics (3) - Nairaland
Nairaland Forum › Nairaland General › Politics › China Turns To Nigeria, Other Emerging Economies As US Markets Freeze (25546 Views)
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by justmondris: 11:47pm On Apr 20, 2025 |
China has been our major supplier for years now. So what’s the news about? More than 80% of businesses in Nigeria that sell goods buy from China. How many Nigerians can afford made in US products which are secretly made in China? |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by Reference(m): 11:48pm On Apr 20, 2025 |
HacheNoire:This argument should come from a Chinese citizen. If you are not I cannot see what benefit you gain from losing control of your economic destiny to another nation. I can admire China for all the strides they have made and blame this country for not becoming like them but when I tell you that China is undermining the economies of a good number of countries then you better believe it. And for a country like Nigeria (where I live) that is grapling with austerity and a failing extractive industry based economy the signs are not good. If larger economies with huge indigenous industries around the world have been gutted where is Nigeria going to find jobs for the millions of her citizens going forward. I repeat again. AS AN EXAMPLE. America or Europe had never made textiles indigenous to Africa to export to Africa but China is doing that, why? |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by xeju: 11:51pm On Apr 20, 2025 |
femisplash:China will use her socalled private investors to buy large shares in foreign manufacturing companies. Then they use same investors to cunningly buy majority of the shares or better still run the company to the ground. All to reduce competition for their companies in China |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by Reference(m): 12:01am On Apr 21, 2025 |
justmondris:Exactly the argument I have been trying to put forward. How many people can afford. This is the vicious cycle of import induced poverty that is gripping not only Nigeria but many other countries. It starts by someone else abroad making stuff you need at a price a bit cheaper. As you buy more of that stuff and ignore the more expensive substitutes you have locally you save money front end but lose money at the back end called earnings from industry and jobs. The more the economy contracts the greater your appetite for cheaper and cheaper and cheaper stuff but now the gap between the price at which you can make stuff and the cost of importing the same stuff becomes so huge that you are hooked perpetually. That is what has happened to the US. It doesn't happen overnight. When governments are not vigilant and mismanage their economies, economic slavery is unavoidable. The best Trump can do is alert the American people that economic slavery to China is at hand. He may not win the tariff war but the signals are clear to every economically sleepy citizen. Wither Nigeria. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by HacheNoire: 12:05am On Apr 21, 2025 |
Reference:So textiles is the problem you have with China? You see, you must step on fools to get to the top. That’s what Europe and the US did and the history we all know. If a country is not catching up, it becomes food. The world is an animal kingdom, at some point, we have to feed on ourselves. So you mean if Nigeria gets to work like China and we start dominating the commerce of Africa, it will be a welcomed argument that we produce everything, when the nation saying so, can’t even match up. Your point boils down to the fact that, China has an entry into every market, but you failing to applaud or learn about how they grew to that stage without dropping a bomb, sponsoring a coup or bandits. You cannot blame me for manufacturing too much and competing in your market. If you were also close to my pace, we will be fairly competing which is healthy for consumers. But when you lacking, you have no right to complain and that’s what China is doing. You cannot blame China for Nigeria’s foolishness. If the government was serious, why didn’t they stop importation of textile? Huawei and BYD don’t operate in Europe and the US and they still own the largest market share in their respective industry’s Don’t let us blame China for developing. Let’s look at how they did it and learn from it. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by QuinQ: 12:06am On Apr 21, 2025 |
FreeStuffsNG:Lolz, time has obviously proven Reagan VERY WRONG! He didn't foresee that American companies will ship jobs overseas, neither did he forsee that everything would be made in China - Trump learnt from shortage of ventilators durring COVID, because they were all made in China. I bet he swore "never again!" |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by SIRTee15: 12:18am On Apr 21, 2025 |
HacheNoire:Mr Man I don't care about USA. I care about Nigeria. What the hell is wrong with U guys. China is undermining Nigerian manufacturing and U saying it's ok because it gives them the opportunity to overtake America. Are U ok? Since this America impose tariff on Chinese goods, a lot of Asian countries have raised their tariffs against Chinese goods because they know what's coming next- china will flood their market with cheaper goods. Look here, china has done well for itself. Good. But we should also do well for our self, not just celebrating china. If china truly cares, let them build industries and strong value chain manufacturing in Nigeria. This way we also can learn from them and engage in meaningful production and real export. The idea that china should just come here and be buying natural resources only should be rejected. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by SIRTee15: 12:22am On Apr 21, 2025 |
ponziponzi:China only import raw materials from other countries. They don't need your finished products because they can produce whatever it is cheaper and faster if not better. No country can develop by exporting raw materials. I think say na by joke western countries are crying. China has eaten away all their manufacturing capacity, even Germany is now sweating despite being an industrial machine. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by HacheNoire: 12:34am On Apr 21, 2025 |
SIRTee15:What is Nigeria manufacturing? Ask yourself one sincere question, can Nigeria do without China or compete with China in any item or industry. You also making it sound like China is pulling money out of your pocket forcefully. China gets a profit in almost anything you using today. From the iPhone, interior decor, steel, the Nike shoes and Gucci belt you have, down to the current internet access you using at the moment- I can explain that you if you ask, and you here talking about China undermining Nigeria manufacturing. Your question should be can I Nigerian manufacturing meet demands and compete. You mentioned Asian countries increasing tariffs on China, can you least out those countries that just increased tariffs? Hello! China has grown to an astonishing that it will take nations to match their capacity, not blaming them for being industrious. If Innosson was up to the task, do you think Toyota will even be selling in Nigeria, but you want us to blame Japan for undermining Nigeria’s auto industry. It does not work that way. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by SIRTee15: 12:35am On Apr 21, 2025 |
Reference:No country should produce everything, it destroys the principle of economic of scale and opportunity cost the global economy was built on. If Nigeria produces everything for other African countries, where will they get the money to buy our goods? That means other African countries must also produce and sell for them to have money to buy what they cannot produce. In this way, the whole of Africa is lifted out of poverty. But when only Nigeria produces and the rest don't, the other nations in Africa will be in poverty and will have no money to buy our export. I think U guys are blinded by this china- west rhetoric that a lot of U don't understand how the global economy works. What U guys don't know is that the west moved their manufacturing to china in the 90s because they wanted China to be rich, in return china will also buy western goods. What the west didn't know was the mighty and unrivalled industrial capacity of china once that engine roars into live. U can't tell it to stop because it won't. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by Reference(m): 12:40am On Apr 21, 2025 |
SIRTee15:Absolutely. I don't understand what the hailing of China benefits a Nigerian living in present day Nigeria. Yes, the temporary benefit of cheap goods and cheap loans but what are the long term effects, the erosion of your economic independence. The long term economics is simple. If you cannot do stuff for yourself you simply cannot tackle poverty and you certainly will not develop. They say China has great infrastructure. But without the prospects of industry how will you pay for the infrastructure and how will you maintain them when your tax income is minuscule.....or I get it.... loans from... guess who....the likes of China, the people who are actually working. It is a bad vicious cycle. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by SIRTee15: 12:42am On Apr 21, 2025 |
HacheNoire:I can see U are very naive. Very naive. So U saying Nigeria as it is now should compete directly with china? When China was admitted into WTO in 2001, they were given favourable status as a developing nation. That means china was allowed to impose high tariff on western goods but western countries removed tariff for Chinese goods. China had little and weak manufacturing capacity in 2001 and would be unfair to tell them to compete directly with advanced western nation. If Nigeria is to go into trade agreement with china, it should not be open free trade in anyway. We should impose tariff on Chinese goods while we work with Chinese manufacturers to improve our industrial capacity. This is how it works, not your sentimental rhetorics. Mr china lover. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by ponziponzi(m): 12:51am On Apr 21, 2025 |
SIRTee15:It’s not true to say that China only imports raw materials from other countries. Like any economy, China cannot produce everything domestically and therefore imports a wide range of finished products from nations with technological expertise or a competitive advantage. In fact, many of China’s top imports from countries like Japan, South Korea, and the European Union are advanced finished goods, not raw materials. China tends to focus its production efforts on items where it faces export restrictions or where it can gain strategic control, but it remains a major buyer of finished products globally. Similarly, the idea that countries cannot develop by exporting raw materials is also not entirely true. Many nations that are heavily reliant on raw material exports have built strong, stable economies. A few notable examples include: Australia, Saudi Arabia, Qatar, United Arab Emirates, Russia, Canada, Indonesia, etc.
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| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by HacheNoire: 12:52am On Apr 21, 2025 |
SIRTee15:I am a lover of Chinese development and very proud of it. Please get your facts right. The major issues are trade deficits which is not China’s fault. What does Nigeria have to export to China? But China has a lot to import to Nigeria. Do we blame China for having such edge. China has an edge in everything commerce! It has the consumers, engineering, technology and human resource, and you blaming them for having too much of that. In trade, you need to match up instead of blaming your competitors. China was weak in 2000 and imported what they could not manufacture and did not blame nations for their woes. They worked on their country and people and look at them today. They are not special but only took responsibility, not blaming others. That’s the same energy Nigeria should use. It’s like me blaming you for being wealthy while I was sleeping when you were working, and I now start comparing about how influential you are. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by Reference(m): 12:58am On Apr 21, 2025 |
SIRTee15:That is Mr. Okoli the yam farmer argument. Yes no one should produce everything. But no one should be jobless and broke such that he has to borrow for everything. Now tell me who produces 'everything' and who is broke and borrows between China, Nigeria and perhaps the USA. That is the cause of this whole wahala. PS. The US did not want China 'rich' as you say, they just wanted them out of Communism/socialism and US trade has been an age long agent of capitalism and by extension democracy as they hoped. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by SIRTee15: 1:00am On Apr 21, 2025 |
HacheNoire:It's waste of time talking to U. When China was developing, it imposed very steep tariff on import. Very steep. They only removed it when they had developed a strong and competitive manufacturing. Besides here is what other countries feel about Chinese overproduction causing excess capacity problem globally. https://www.google.com/amp/s/amp.scmp.com/week-asia/economics/article/3306974/can-southeast-asia-shield-industries-surge-chinas-exports-post-trump-tariffs https://www.google.com/amp/s/amp.scmp.com/week-asia/economics/article/3306233/trump-tariffs-hit-chinese-evs-threaten-malaysias-auto-industry-price-war-tactics
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| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by Reference(m): 1:10am On Apr 21, 2025 |
HacheNoire:No one is blaming China for growing into what it is today but no one should equally blame any country for taking proactive steps to defend it's economic independence. After all China retaliated against the US with matching tariffs. I still want to ask you where you expect all the countries that buy China at the expense of their economies to continue to find the resources since you guys are not buying from them in equal measure. Nigeria for one cannot sustain it perpetually. At some point we will have to cut back and do some stuff for ourselves or drown in debt. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by HacheNoire: 1:17am On Apr 21, 2025 |
SIRTee15:Is China not still importing till date? You making look like. China has everything and just mass produces. China is still importing oil, soya beans, iron ore and the likes. Is imposing tariffs now a crime to protect local manufacturer’s? That is a norm if your economy has the will. Is anyone stopping Nigeria from imposing high tariffs or even a ban on rice, automobile, steel, textile and consumables? No, because we don’t have what it takes and definitely know the impact of such. You are just one on Earth, subject matter expert has applauded China growth and dominance. I can’t believe you can be jealous of a throwing out outputs without bombing any nation. Like I said earlier, if Nigeria feels cheated, they should follow same way China did. Increase tariffs on imported goods while you work on your productions too. Not blaming Dangote for being rich and dominant in cement and oil while other billionaires are stashing same cash abroad and buying choice property’s. China did not handcuff Nigeria and it vague to be blaming them for exploiting a nation ready to be exploited. Trump merchandise are made in China, he did not deny that. But you want us to blame China for compelling Trump do such in China. I will repeat with regards to Nigeria, China does not have handcuffs on us. If they can, we can. Not blaming others for our own woes. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by HacheNoire: 1:26am On Apr 21, 2025 |
Reference:If you can do without them, it’s fair! Have seen Tesla or Apple close factory in China, they can never. Every country wants to protect itself which is healthy, but at what cost? Is your trade war sustainable and feasible. Just imagine Nigeria places high tariffs on steel tomorrow, what do you think will happen? Same the US is doing. You don’t have the capacity but jumping into a trade war. US is filled up with China products. Also, same US capitalists are the ones exporting jobs to. China, India and Vietnam, and still tell you America first. 🤣🤣🤣 It’s all about profit. When you don’t have what it takes, you can still impose tariffs and imports will still wipe out local production. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by MasterTeeUSA: 1:38am On Apr 21, 2025 |
Listen to yourself. Even the USA buys from China. If you want to buy from the USA, you will still buy Chinese products at a high price. We need to have a balance of trade to export things that China must take...and they do...they prefer our raw materials. Can you blame China? They can make things better than we can, so why would they export stuff from Nigeria that no one would buy? Even if the US allows Chinese phones and cars, Americans will stop buying American cars because China knows how to use cheap and high-tech technology in everything. China is the next global superpower, and Nigeria is doing well in aligning itself. All that US noise is just noise... US debts are scattered all over the world. I feel so sad for the US Economy during and post-Trump. Hyperchi: |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by SIRTee15: 1:42am On Apr 21, 2025 |
HacheNoire:Ok good, your brain is back to reasonable default setting. This topic came about because China wants to seek new countries to export their products via trade deals And U have agreed with me that Nigeria should impose tariff on Chinese goods until we sort ourself out. We lack the skills and technology to compete at the global stage ATM. That's the simple truth. If china is sincere about trade deals, they shouldn't just flood their cheap goods here but assist with building manufacturing capacity and industrial value chain in Nigeria. In that way, Nigeria can also have real products to export and not just exporting raw materials. This is my stand on this topic, it hasn't changed. U are the one who started with china is always right then finally agreed Nigeria should impose tariff. U were the one who came here and started praising china and talking about USA- china hegemony which is completely off the point. If U want to talk about above, open another thread and we will join U. Thanks. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by HacheNoire: 1:52am On Apr 21, 2025 |
SIRTee15:China is not obligated to open a production line in Nigeria. We have over 100 billionaires in Nigeria who can buy technology, engineering, resources and training. An enabling environment you create for investors to come in, such one that will guarantee them of profit. My stance has been that, China is cheating anyone and only exploiting the foolishness of others which is acceptable in trade. The US and Europe did same to us when China was nothing. We bought everything there. Remember, Tesla and Apple are not operating in the US despite the huge tax cuts they get. Amazon imports massively from China. You know why? Because labour is expensive in the US. If Nigeria can get 200 million people to activity, do you even think Nigeria will be a favorable market for China to export to. It’s our own lapses, not anyone’s fault. We still importing pencils, eraser and sharpeners. It’s not that we don’t have perps who can, but the country is not enabling. The easiest which is farming is even risky, do we blame other countries for also flooding our market with consumables. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by FreeStuffsNG: 1:52am On Apr 21, 2025 |
QuinQ:Smh. You are not knowledgeable on this subject. Trump has since reversed himself and exempted phones, computers and electronics imported from China from the reciprocal tariffs so I don't get your "never again!" you wrongly alluded to him. Those imports account for a significant chunk of Chinese goods brought into US. Ventilators can be grouped into medical electronics device too so you are clearly missing the point. The US is no longer a manufacturing power house and Trump was forced to make exceptions when he was told that prices of those products will shoot up and Apple in particular could be severely affected negatively. Tim Cook, CEO, Apple, donated $1m of his own personal money to the Trump campaign. He persuaded both sides not to hurt his business. Cook is well respected in China too. Reagan turned out right and smart. His strategy helped the Microsoft, Apple, Amazon etc of the USA. That is why they overtook the Fords etc of the USA. Design in USA then manufacture in low wage countries then bring back to US and ship to other countries to sell at massive profit margin with little or no tariffs in US and other countries. Ventilator has nothing to do with Trump because he was denying initially and bashing Fauci. He imposed tariffs on China then too but there was a deal. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by QuinQ: 2:27am On Apr 21, 2025 |
FreeStuffsNG:SMH too. Read the below. Also even the partial exemptions are temporary Reagan turned out to be short-sighted on the issue
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| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by Adakintroy: 4:14am On Apr 21, 2025 |
chiefolododo:No mind them like China stand a chance. Even the mighty Japan. America has one foot on their head. They won't want to seem weak so they will obviously fight back. But they should be careful cuz if they loose this one another nation in that region will be taking their place. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by Hohaiiiode(m): 4:17am On Apr 21, 2025 |
femisplash:no country has the capacity to consume product like USA! Those guys are addicted to spending money on anything and everything! China can augment with other countries, but hell no! It won’t save its manufacturing sector to produce at maximum |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by Uche559(m): 4:22am On Apr 21, 2025 |
Last last china will negotiate with d US cos d countries they r turning to benefit more in terms of export to US than export to China |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by D1official: 4:27am On Apr 21, 2025 |
FreeStuffsNG:Propaganda have no place in reality,check the list below... *Top Trading Partners by Export Value (2024)* - *1. United States*: $524.9 billion (14.7% of China's total exports) - *2. Hong Kong*: $291.4 billion (8.1%) - *3. Vietnam*: $161.8 billion (4.5%) - *4. Japan*: $152 billion (4.3%) - *5. South Korea*: $146.4 billion (4.1%) - *6. India*: $120.5 billion (3.4%) - *7. Russia*: $115.5 billion (3.2%) - *8. Germany*: $107 billion (3%) - *9. Malaysia*: $101.2 billion (2.8%) - *10. Netherlands*: $91.1 billion (2.5%) ¹ *Top Trading Partners by Export Value (2023)* - *1. United States*: $502 billion (14.8% of China's total exports) - *2. Hong Kong*: $2764 billion (8.2%) - *3. Japan*: $1576 billion (4.7%) - *4. South Korea*: $1493 billion (4.4%) - *5. Vietnam*: $1382 billion (4.1%) - *6. India*: $1178 billion (3.5%) - *7. Russia*: $1111 billion (3.3%) - *8. Germany*: $1006 billion (3%) - *9. Netherlands*: $1003 billion (3%) I really do not think you guys know how big the US is , everything no be cho cho cho. China will crumble if they refuse to be humble. US have the cards because they are indeed the buyers with an obvious deficit. |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by Difrent: 4:31am On Apr 21, 2025 |
MindHacker9009:China is simply using the same book USA used to become the greatest economy on earth.... Before America became what it is (or was) it used all these methods too All these trump tarrifs looks like the last kicks of a dying horse...... Concerns about climate change and high cost of labour killed the US manufacturing industries, Trump has always been a climate skeptic, he has pulled out of climate agreements so it's only natural that will seek to bring back American manufacturing but if he will succeed remains to be seen |
| Re: China Turns To Nigeria, Other Emerging Economies As US Markets Freeze by SIRTeee15: 4:35am On Apr 21, 2025*. Modified: 4:59am On Apr 21, 2025 |
D1official:The funny thing is most of those Chinese exports to Vietnam and Hong Kong are eventually bound for USA. China has no doubt some well for itself. It's no a small feat to lift 800 million people out of poverty within 25 years and to become world's largest manufacturing within same time period. But at this junction, china has to deal with it's overcapacity problem and allow other developing countries to have a firm grip of manufacturing. Pushing your cheap goods to other countries won't help anyone. |
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