How long will China's 'obscene' trade surpluses survive against mercurial geopolitics

[...]let's leave aside the West and focus more on the Global South which has emerged as much bigger basket for the Chinese goods than the West, for the first time. Beijing's subtle intention is to defenestrate Western MNCs from this part of the world by dumping cheap but quality products o...

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Bibliographic Details
Published inTax India Online
Main Authors Kumar, Shailendra, Founder Editor
Format Trade Publication Article
LanguageEnglish
Published Mumbai Athena Information Solutions Pvt. Ltd 05.09.2024
Subjects
Bankruptcy
Developing countries
Emerging markets
Exports
Geopolitics
International trade
LDCs
Subsidies
Supply chains
Tariffs
Trade deficit
Trade surplus
China
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Summary:[...]let's leave aside the West and focus more on the Global South which has emerged as much bigger basket for the Chinese goods than the West, for the first time. Beijing's subtle intention is to defenestrate Western MNCs from this part of the world by dumping cheap but quality products on the strength of their subsidy-riding overcapacity at home! ASEAN, in particular, has seen much heftier increase in shipments from China in the recent months. [...]thousands of companies in the East Asian economies have been shuttering their operations. Car-makers like SIAC and BYD have set up their plants in Thailand and now account for over 20% market-share but they continue to import a major swathe of parts from their homeland.