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Thursday 24 Aug 2017 | 20:52 | SYDNEY
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Monday links: Syria, China overcapacity, Thailand, UAVs, green tech and more

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17 June 2013 14:10

“Our findings contradict the widespread belief that China’s enormous success as an exporting nation derives primarily from low labour costs and deliberate currency undervaluation,” says Usha Haley. “There is enormous overcapacity and no gauging of supply and demand and we found that subsidies account for about 30 per cent of industrial output. Most of the companies we looked at would probably be bankrupt without subsidies.”

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