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

• Published in: Tax India Online
• Main Authors: Kumar, Shailendra, Founder Editor
• Format: Trade Publication Article
• Language: English
• 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

[...]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.