Taipei Times - archives
Malawi wants only `serious’ investors, no Chinese traders

Wednesday, Feb 27, 2008, Page 1

Malawi, which broke diplomatic ties with Taiwan last month in favor of Beijing, won’t allow Chinese traders into the country, said James Kaphwereza Banda, general manager of the Malawi Investment Promotions Agency.

“It’s our duty to promote serious investors, not traders,” Banda said yesterday in a telephone interview from Malawi’s capital, Lilongwe. “What we’re telling Malawian traders is that they shouldn’t fear more Chinese selling their wares, because we won’t allow them in.”

Malawian traders have expressed concern about the influx of cheap goods from China, Banda said. They believe Chinese traders would deprive them of their livelihood if allowed to trade freely