Comment by aurareturn
14 hours ago
If you truly think Chinese subsidies are artificially depressing prices, then just buy Chinese goods to take Chinese’s people’s hard earned money.
14 hours ago
If you truly think Chinese subsidies are artificially depressing prices, then just buy Chinese goods to take Chinese’s people’s hard earned money.
Are you unfamiliar with the concept of cornering a market? Sure, uber was offering lower prices subsidized by VCs until taxis were driven off. After the fact they raised prices back up. Or what Amazon did with diapers.com? It is not wise to let your geopolitical foe gut the productive capability of your economy. It’s how America took over dominance from the UK by taking over the high tech business of the day back then (textiles).
It’s fine for the consumer in the short term but a flawed long term strategy.