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Do many people hold the view that Chinese cars are cheaper because of subsidies? Seems pretty obvious that the world's largest market, with a huge manufacturin
by mekdoonggi 8mo ago
Do many people hold the view that Chinese cars are cheaper because of subsidies?
Seems pretty obvious that the world's largest market, with a huge manufacturing base, lower wages, industrial policy, and weak yuan all combine to make cheap cars.
As a US citizen, I'm happy that China is transforming the global auto market. I just wonder how long it will take to rip the tariff band-aid off.
- downrightmike 8mo agoEconomics = maths, so people ignore anything related until it hits them in the arse