Or perhaps it's less expensive to make cars in China than in America, just like it's less expensive to make T-shirts and microwave ovens there. As Chinese manuf

Or perhaps it's less expensive to make cars in China than in America, just like it's less expensive to make T-shirts and microwave ovens there. As Chinese manufacturing has moved up the value chain I've been hearing for 20 years that "Chinese $PRODUCT is just cheaper because of subsidies/dumping, and they'll hike prices once they dominate the market." But I've never seen the Chinese manufacturers actually raise prices above the old European/American prices even after they come to dominate different market segments. They can make a sustained profit even at low prices.