It’s not. They aren’t doing it for charity.
It’s just like when Amazon sold diapers at a loss. Once all the competition is gone, and China has the global monopoly they want, they’ll use it to inflate prices even higher, or for leverage on other markets.
That’s very nice of them to make stuff cheaper for me. If only my government wouldn’t tack on 100% tariffs.
It’s not. They aren’t doing it for charity.
It’s just like when Amazon sold diapers at a loss. Once all the competition is gone, and China has the global monopoly they want, they’ll use it to inflate prices even higher, or for leverage on other markets.
I love that that story of Amazon selling diapers is the most salient example of what economists literally call “dumping”.
How could they?
For shame… Only American technology companies are allowed to do that.