Write a short note on dumping in china pricing ...?
Answers
Dumping, in economics, is a kind of injuring pricing, especially in the context of international trade. It occurs when manufacturers export a product to another country at a price below the normal price with an injuring effect. The objective of dumping is to increase market share in a foreign market by driving out competition and thereby create a monopoly situation where the exporter will be able to unilaterally dictate price and quality of the product.
China is dumping products in India, an Indian parliamentary panel suggested recently. As the trade war goes on unabated, China’s trade practices in India—selling its oversupply to another country, depressing prices and hurting native manufacturing—stand as a testament to Beijing’s unwavering position on global trade.
China’s Ministry of Commerce said the U.S. attacks on its trade practice “won’t work.” China announced today that they are preparing $60 billion in more tariffs if the U.S. imposes tariffs on $200 billion, likely by the end of August.
In India, a government committee said Chinese imports were “hitting Indian industry hard and causing unemployment.” A July 26 article, published in The Economic Times, cites an official report by the Parliamentary Standing Committee on Commerce as blaming the government of Narendra Modi for not addressing the trade issue with China.
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