alt Hacker NewsMost of the Chinese domestic market is open to foreign competition. The areas that are closed off are those that are politically sensitive: publishing (including social media) and banking.
As for dumping, Chinese goods generally sell at a markup abroad, which is the opposite of dumping. Chinese tokens cost more abroad. Chinese cars cost several times more in Western markets than in China.
Replies
crote • today at 4:19 AM
"Dumping" is when Chinese companies beat Western ones on the free market. If all claims of Chinese government subsidies on basic products were true, China would've gone bankrupt multiple times already.
You're being beaten by a Chinese company? Why improve your own process when you can just lobby for sanctions and tariffs instead!
> Chinese goods generally sell at a markup abroad, which is the opposite of dumping
Dumping is selling goods below cost.
Usually because government is subsidizing part of the production. I don’t believe the word “dumping” is used for the similar process when Venture Capital is subsidizing it, but using the same term would make sense.
Price at home vs abroad does not matter.