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I worked in another field against Chinese state-owned competitions. Pretty much for each unit they sell, they not only receive payment from customer, they also
by davidjytang 5y ago
I worked in another field against Chinese state-owned competitions.
Pretty much for each unit they sell, they not only receive payment from customer, they also receive government payment for the same amount. As a result, they were able to keep the price unreasonably low.
- AYBABTME 5y agoHow's the CCP financing the subsidies? AFAIK they don't collect taxes on the average citizen/there's rampant tax avoidance.
- eunos 5y agoSOE profits are used as slush fund.
- csomar 5y agoTheir currency doesn't float on the market. Strict capital controls are a hidden tax on exports. Imports are then tariff-ed to balance their sheet. It's an alternative taxation method if you cannot establish a compliant citizenry around your tax system.
- est 5y ago> How's the CCP financing the subsidies? CCP is as a matter of fact the largest VC in China. Interesting trivia: BOE was considered the most successful example of municipal government VC by Hefei and Chengdu. Hefei bet on both plasma display and LCD, only BOE survived.