Surge of imports is altering Chinese market dynamics: East Asian exporters flood China with inexpensive goods, pressuring prices and businesses

Article Abstract:

The flood of inexpesive South Korean imports comes across as a big danger to the Chinese government's effort at restructuring its state-owned enterprises and has the potential to send the Chinese economy into deflation. Cash strapped Asian companies, especially South Koreans, are sending their cheap products to the only stable economy in the region, China. The flood of cheap imports has constantly sent prices down and many Chinese manufacturers competing with cheap imports. This situation is most notable in the steel industry, where South Korean steel imports to China costs only $235/ton while the Chinese steel products sell at around $265. Many Chinese manufacturers are turning away from manufacturing into trading, capitalizing on the cheapness of imports to turn profits.

Economic aspects, International relations, Asia, International trade, Chinese foreign relations, Imports, Deflation (Finance), Deflation (Economics)

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Foreigners in China can do good while doing well

Article Abstract:

Foreign companies doing business in China can help foster democracy in the country by simply following a policy that requires hiring and promoting only those who are deserving. Sadly, Chinese companies do not espouse this policy and continue to hire and promote those with the best connections. Companies should realize that well-run firms can provide a positive human-rights contribution.

Social aspects, Column, Foreign corporations

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