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There’s also an imbalance here in that China is not an open marker to firms in the West. Chinese copiers have the ability to sell into their own massive market
by Lio 7y ago
There’s also an imbalance here in that China is not an open marker to firms in the West.
Chinese copiers have the ability to sell into their own massive market and then cross subsidise to dump cheaper products into the rest of the world.
No company in for example the West using, say, robots to reduce labour costs could dump cheap imitations into the Chinese market to destroy their manufacturing base.
Same goes for service companies.
- fermienrico 7y agoThis asymmetric aspect of Chinese trade has to stop.