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re: Why is the west melting over Chinese "overproduction"?
Posted on 5/7/24 at 11:25 am to TrueTiger
Posted on 5/7/24 at 11:25 am to TrueTiger
State supports steel mills allowing them to sell at a loss which forces foreign competitors out of business.
Once competitors are out of business, raise prices as you control market.
"Why is this bad?"
Once competitors are out of business, raise prices as you control market.
"Why is this bad?"
1
Posted on 5/7/24 at 11:36 am to BuckyCheese
quote:
Once competitors are out of business, raise prices as you control market.
The U.S. has anti-trust and market manipulation laws.
Not sure that applies to China unless it's buried in a treaty.
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