Tag Archives: locally-owned businesses

Guyana on Thursday ruled out the restriction or banning of Chinese businesses, in the wake of concerns that the increasing number of mainly supermarkets is outcompeting their nearby locally-owned counterparts with cheaper prices. “If the idea is to stop people based on nationality, it would be impossible to do it. What if China says ‘we’re not going to sell Guyana any ...

The Private Sector Commission (PSC) is canvassing locally-owned businesses to find out whether they are being outcompeted by numerous Chinese-owned businesses that are selling at cheaper prices. PSC Chairman, Komal Singh did not believe that a “special” wholesale price offer by a prominent manufacturer to Chinese supermarkets was dislocating locals, but said it might be linked to increased purchases. Mr ...