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Would they? They can charge a 25% markup across the board for stuff going to Russia, and the price they pay is losing out on access to European and US markets.
by red-iron-pine 2y ago
Would they? They can charge a 25% markup across the board for stuff going to Russia, and the price they pay is losing out on access to European and US markets.
Depending on what they're selling they either don't care, aren't big dogs in those markets, or can just create a new shell company to avoid the sanctions.
- belter 2y agoThe Russian market economy is very small. Smaller than France or Germany. This has been analyzed before and the conclusion is that China over produces, and they need a lot more the US and European market than Europa and the US needs China.
- hollerith 2y agoAgree. Also, the reason China exports so much is that encouraging export manufacturing is the most efficient way Beijing has to increase the economic prospects of the average young Chinese man. They care about that because if the prospects of the average Chinese young man stagnates, Beijing runs a serious risk of losing control of the country through riots and various revolutionary social movements as has happened many times in Chinese history. In summary, it is a weakness in Chinese society (along with the fact that Washington has been co-operative at least until recently) that is the underlying cause of why China exports so much.