The Chinese state then backs a local champion company, subsidizes it, and blocks the international company from the Chinese market. Subsequently, goods produced at artificially deflated prices are offloaded onto the international market with the intent of driving competitors into bankruptcy.
General H.R. McMaster — The Chinese state then backs a local champion company, subsi
The Chinese state then backs a local champion company, subsidizes it, and blocks the international company from the Chinese market. Subsequently, goods produced at artificially deflated prices are offloaded onto the international market with the intent of driving competitors into…