HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Good Reads (Forum) » China floods Iran with ch...
Introducing Discussionist: A new forum by the creators of DU

Thu Feb 21, 2013, 05:20 AM

China floods Iran with cheap consumer goods in exchange for oil

On the north Tehran stretch of the busy Shariati Street, the newly opened car dealership, Geelran, offers a range of Chinese-made vehicles to middle-class city dwellers. A stone's throw from the former grounds of the British embassy, left vacant after a hostile takeover by anti-western demonstrators in late 2011, the new headquarters of the Geely brand is the second Chinese automobile manufacturer in Iran. Another company, Chery Motors, has been active here for five years, and produces several of its low-range vehicles on Iranian assembly lines.

The price of the French-made Renault Mégane, until recently a staple for local car buyers, has tripled since 2011. It now sells for around 42.2m tomans (£22,450), and spare parts are becoming scarce.

Meanwhile, Geely's Emgrand EC7 hatchback has a slightly lower price range (38.7m tomans), suggesting that Zhejiang Geely Holding Group is angling to attract a slice of the local consumer market as sanctions make western-made goods difficult to come by – but at a quality experts say is far lower than the European-made cars it imitates.

"It's an appalling car manufacturer, and yet another one flooding Iran with cars made on old platforms," said a Tehran-based financial analyst with close links to Sino-Iranian trade. "Instead of hard cash, China is bartering for Iranian oil with cheap consumer items."

http://www.guardian.co.uk/world/iran-blog/2013/feb/20/china-floods-iran-cheap-consumer-goods?INTCMP=ILCNETTXT3487

3 replies, 1315 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply China floods Iran with cheap consumer goods in exchange for oil (Original post)
dipsydoodle Feb 2013 OP
aquart Feb 2013 #1
dipsydoodle Feb 2013 #2
awoke_in_2003 Feb 2013 #3

Response to dipsydoodle (Original post)

Thu Feb 21, 2013, 05:23 AM

1. And Iran is letting them get away with it?

If not for that STUPID Iraq war, that coulda been US.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to aquart (Reply #1)

Thu Feb 21, 2013, 05:29 AM

2. This is the car they're talking about.



Renault Meganes are not all that anyway.

I'm wondering if China bought full old model western production lines as Eastern Europe did in the old days from Fiat and GM.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to dipsydoodle (Reply #2)

Thu Feb 21, 2013, 01:26 PM

3. China doesn't buy technology...

they steal it.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread