I think that’s regular capitalism. At least at far as everyone plays it.
The most popular Chinese EVs, the ones shipped internationally, are treated as rigorously as those if any other country and recently BYD specifically have begun receiving safety scores higher than cars from other countries.
Market dumplings? Haven’t heard that one before, what’s that?
Yes, but democracy keeps capitalism in check normally, but not in China.
I’ve heard nothing but good things about modern Chinese EVs. But they still need to be checked, and keep being checked, as the China has a terrible history with regs. Also, if they are market dumping again, there needs to be tariffs to counter it.
Raw free trade is a tragedy of the commons nonsense. Protectionism is self defeating. In the real world, most places are between those two rails.
Market dumping is flooding a market.with your goods at a loss. It can because you have excess you want to recoop what you can from. It can also be a weapon to take over a market and destory competition.
Democracy keep capitalism in check? Woo, citation needed, I disagree.
Unions keep capitalism in check.
The safety standards I’m talking about are international safety standards tested internationally, not domestic Chinese safety standards.
https://www.fleetnews.co.uk/news/latest-byd-models-score-top-marks-in-euro-ncap-safety-test
Oh, dumping*.
It says market “dumplings” in your original comment, I thought that there was some kind of cool new economic term I didn’t know about.
Unions, regulations, etc. But none of that works without functioning democracy. That we barely have, but it’s better than none.
Due to experience, I don’t trust Chinese goods comply unless they are independently checked. That is reputation they have earned and now need to unearn. I don’t just blame Chinese manufacturers but also Amazon, Ebay, etc for enabling the sale of goods claiming they comply to standards they don’t.
Yes, dumping not dumplings, but yum. 😃