Re:Chinese Billionaire Linked to Giant Aluminum Stockpile in...
by Justin_K on Friday September 09, 2016 @06:03PM
(#12466367)
It isn't very hard to pull off dumping, it's game that's been played for centuries. That's why all modern governments disallow it. China especially does it all the time, here's an example with solar: http://www.nytimes.com/2014/12/17/business/energy-environmen... .
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Re:Chinese Billionaire Linked to Giant Aluminum Stockpile in...
by 627467 on Friday September 09, 2016 @06:21PM
(#12466460)
A genuine question: why is this dumping, but importing any other electronics (say any modern computer, cellphone, appliances) not so?
Re:Chinese Billionaire Linked to Giant Aluminum Stockpile in...
by ramchip on Friday September 09, 2016 @06:38PM
(#12466540)
As the article mentions:
> the companies were selling products below the cost of manufacture and that the Chinese companies were benefiting from unfair subsidies from their government.
I assume Foxconn does not get subsidies to sell iPhones below cost :)
Re:Chinese Billionaire Linked to Giant Aluminum Stockpile in...
by 627467 on Saturday September 10, 2016 @12:33AM
(#12467700)
I just don't understand how easy it is to determine the cost of manufacture something outside of one's economy and infrastruture.
I'm in Argentina at the moment and I'm constantly hearing local businesses accusing china of dumping because they can't produce more cheaply, but than everywhere else in the world we buy Huawei, Xiaomi, etc I feel that accusations of dumping are more political interpretations than measurable facts.
Re:Chinese Billionaire Linked to Giant Aluminum Stockpile in...
by seanmcdirmid on Friday September 09, 2016 @06:44PM
(#12466561)
Selling at below cost is dumping. Selling at above cost is not.
Re:Chinese Billionaire Linked to Giant Aluminum Stockpile in...
by 627467 on Saturday September 10, 2016 @12:28AM
(#12467689)
I understand. But how do we know the real cost when the country we are talking about is China? Even in transparent economies like the EU, you find convoluted ways to subsidize companies (or convoluted ways to accuse companies of receiving subsidies - depending where you stand in these issues)
Re:Chinese Billionaire Linked to Giant Aluminum Stockpile in...
by seanmcdirmid on Saturday September 10, 2016 @01:03AM
(#12467790)
Because they aren't being convoluted about it, their costs and subsidies are very obvious. They are simply losing money and keeping the mills going via state guaranteed debt (well, the banks are being ordered to lend).