Antitrust is different in China. State-Owned Enterprises and locally backed private conglomerates tend to help put downward price pressures on a lot of goods [

Antitrust is different in China. State-Owned Enterprises and locally backed private conglomerates tend to help put downward price pressures on a lot of goods [0][1] plus there is a system of price ceilings depending on the commodity or product. Local subsidies and tax breaks also help with minimizing the upfront cost allowing for smaller margins being sustainable over a longer term. [0] - https://businesslawreview.uchicago.edu/print-archive/chinese-antitrust-paradox https://businesslawreview.uchicago.edu/print-archive/chinese... [1] - https://global.oup.com/academic/product/chinese-antitrust-exceptionalism-9780198826569?cc=us&lang=en& https://global.oup.com/academic/product/chinese-antitrust-ex...