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How China uses its buying power as a trade war weapon | About That
China consumes and imports more soybeans than any other country in the world — and the United States is its top supplier. But what happens to the U.S. when its biggest customer suddenly stops buying? Andrew Chang breaks down how China wields its money like a mace, why U.S. President Donald Trump rushed to negotiate a deal and how another ...
276.6K views5 days ago
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China’s generous local subsidies have helped it dominate high-tech industries such as electric vehicles and solar panels. But they’ve also helped fuel an oversupply of the same goods and a vicious price war. This new phenomenon of “involution” is damaging the country’s economy, as The Economist’s China economics editor, Simon Cox, explains. Find out what China’s government could do to turn things around: https://econ.st/4hJYNtg | The Economist
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China’s generous local subsidies have helped it dominate high-tech
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