> playing the long game waiting for all local manufacturing to go bankrupt before they hike the prices.
This strange conspiracy theory considering PRC cars sell for 40-80%+ markup vs domestic market. Struggle to think of single sector where cheap Chinese entrants have hiked prices after eliminating competition. What has happened is they eliminate competitors and prices stays low because they're good at building things cheaply, while keeping things cheap also prevents new competitors. Like they've been exporting cheap / value goods for 20+ years now. When are they going to jack up the price?
This strange conspiracy theory considering PRC cars sell for 40-80%+ markup vs domestic market. Struggle to think of single sector where cheap Chinese entrants have hiked prices after eliminating competition. What has happened is they eliminate competitors and prices stays low because they're good at building things cheaply, while keeping things cheap also prevents new competitors. Like they've been exporting cheap / value goods for 20+ years now. When are they going to jack up the price?