Question

China's massive subsidization of its industries are having consequences that are the today global

Answer 1

Answer:

China's massive subsidization of its steel industry is having consequences that are truly global. By expanding its steel industry by Government fiat, rather than in response to the demands of the market, China has skewed the entire world market in steel and in the inputs used to make steel. In doing so, it has directly injured both foreign steel producers and steel consuming industries in other countries.

Answer 2

China has impacted the various industries globally by their massive subsidization of the industries. They have gone for subsidization of their industries for developing and stabilizing their economy. They are building up their economy but in the process they are harming the global markets

Explanation:

• China has a major capacity of making steel in the country but due to major subsidization of its industries is having consequences that are impacting the global markets. They have not taken into account the demand of the markets and rather they have gone into expansion using the government resources.
• The subsidization of the industries has affected the industries specially the steel producing and consuming industries in the international markets. They have also affected the resources for producing steel across the international markets.
• There is an integrated market of steel globally and the china has destabilized the market through their subsidies. They have been doing this for stabilizing their own economy and in the process they are harming the foreign markets

To know more about massive subsidization of industries

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