4 ms·
Price at home vs. abroad is key. The term dumping comes from the idea that a company that sells profitably in its home market dumps excess production abroad at
by DiogenesKynikos 4mo ago
Price at home vs. abroad is key. The term dumping comes from the idea that a company that sells profitably in its home market dumps excess production abroad at below cost.
This is not what is happening here. Chinese manufacturers are making a large profit off every car they sell in Western markets. As I said above, they're selling these cars at several times the price they charge in China. Unless you believe these cars are being sold at just 30% of cost in China, there's no way Chinese companies are selling below cost in the West.