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In Reply to: RE: Sure, I've saw some 'ghost cities' with my own eyes posted by E-Stat on May 4, 2024 at 07:01:56:
But you can't export real estate.
Apparently China's broad strategy going forward will be high-tech manufacturing and export. The export-lead economy was the Chinese thing for a couple of decades; some call it "mercantilist" or neo-mercantilism. It worked pretty well; seems Emperor Xi wants to go back to that given domestic real estate has turned into a bust.
Given this, it's understandable that Chinese foreign sale of their "over" production of EVs is seen by foreigners as "dumping". But traditionally dumping implies temporary disposal of production over domestic consumption. But this overproduction, I suspect, is a prelude to penetration of foreign markets, the US in particular.
Cynics would say that it's the old would-be monopolist tactic of undercutting competitors price to drive them out of business. This could be close enough to the truth. It is likely to be met be protective tariff bring an end to the mostly free trade world we've know.
Dmitri Shostakovich
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Follow Ups
- Well China certainly has over produced real estate - Feanor 07:00:46 05/08/24 (0)
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