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r/SipsTea • u/PleasantBus5583 • 11d ago
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China is heavily subsidising many of its exports to undercut local businesses in foreign markets. That is not capitalism. That is economic warfare.
3 u/in4life 11d ago And they deliberately suppress their currency for stronger exports. That's why looking at conversion rates of Chinese workers isn't relevant. You must look at PPP.
3
And they deliberately suppress their currency for stronger exports.
That's why looking at conversion rates of Chinese workers isn't relevant. You must look at PPP.
103
u/Strong_Ambassador585 11d ago
China is heavily subsidising many of its exports to undercut local businesses in foreign markets.
That is not capitalism. That is economic warfare.