The Chinese-owned stores have been a God-send to the poor

Jun 27, 2024 Features / Columnists, Peeping Tom

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Kaieteur News – On Father’s Day this year, many fathers got a gift thanks to the affordable prices at Chinese stores. Daughters and sons went into these stores and were able to buy trousers or a shirt or both for their fathers.

For a couple of thousands of dollars they were able to buy a decent gift for their fathers. This was previously unimaginable for many families.

Today you can walk into a Chinese-owned store and get almost anything that you want. These businesses are therefore providing an invaluable service to the public.

Chinese-owned hardware stores, for example, have helped to push down the prices of many items. And their supermarkets sell not only imported Chinese items but they also buy much of their supplies from local manufacturers, importers and distributors. Local businesses benefit from increased sales, while consumers enjoy a variety of affordable products.

It was therefore sickening to have read that a group of local businesses and individuals have written to the government calling attention to what they say is the proliferation of stores owned by non-naturalized Chinese, and citing the lack of regulatory licenses and permits.

The group who has made the complaint should be asked to produce the evidence of this lack of licensing and regulatory permits, failing which the complaint should be rebuffed.  He who accuses must prove!

It is true that Chinese supermarkets have made massive inroads into various parts of the country. But their presence has helped to keep prices down because without them the local stores and owners may not have been restrained in increasing prices. These stores have also expanded the range of affordable items to Guyanese.

The presence of stores owned by non-naturalized Chinese nationals has been a godsend for the poor in Guyana. These stores have brought cheap goods to the country without compromising quality. This has allowed the less fortunate to own a variety of items they previously couldn’t afford.

Chinese stores have provided access to kitchenware, clothing, footwear, hardware supplies, tools, electrical and electronic equipment, and other household effects at affordable prices. Before their arrival, many local hucksters and store owners sold similar items at significantly higher prices. The Chinese have changed the market dynamics, making essential goods accessible and affordable to everyone.

In addition to household items, Chinese stores offer a range of hardware supplies and tools. This is particularly important for those in the construction and maintenance industries. Affordable tools mean more people can take on jobs and complete projects efficiently. This boosts productivity and creates more job opportunities.

Local manufacturers and importers also gain from this arrangement. They have a steady market for their products, which helps their businesses grow. This contributes to the overall economic development of the country.

The affordability of goods at Chinese stores has allowed people to stretch their money further. Families can now afford to buy essential items without breaking the bank. This has improved the quality of life for many people. It has also reduced the financial stress on low-income households.

Affordable clothing and footwear mean children can go to school in proper attire. Parents can buy new clothes without worrying about the cost. This has a positive impact on the overall well-being of families.

When it comes to electronics and electrical equipment, Chinese stores have made significant contributions. Items like fans, lights, and small appliances are now within reach of the average person. This has made homes more comfortable and improved the standard of living.

The argument that Chinese stores operate without proper licenses and permits needs to be substantiated with evidence. Making baseless allegations is not only unfair but also harmful. It can create unnecessary tension and hinder the positive impact these stores have on the economy.

The government should investigate these claims thoroughly. If there are any irregularities, they should be addressed. However, it is crucial to ensure that the process is fair and transparent. Accusations without proof should not be used to undermine the contributions of Chinese stores.

The government may wish to pay greater attention to online shopping and the extent to which such trade deprives it of taxes, including import taxes and taxes on the resale of items locally. As online shopping grows in popularity, an increasing number of consumers are purchasing goods directly from international sellers. In so doing they are bypassing traditional brick-and-mortar stores and local retailers.

This trend can lead to significant tax revenue losses. Items bought online may not be subject to the same import duties and local sales taxes that apply to goods purchased within the country.

But you don’t hear complaints and accusations about this. Instead accusations are now being hurled at the business of non-naturalized Chinese. Their contribution to the economy, however, should not be overlooked. Their presence should be celebrated, not criticized.

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• businesses, Chinese-owned stores, Peeping Tom, poor, trousers

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