China’s trade surplus tops $1 trillion despite Trump’s attempt to contain it.


Exports to the U.S. plunged 28.6% in November, marking the eighth straight month of double-digit declines in shipments to the world’s largest consumer market.


Chinese exporters have likely continued to utilize their facilities in third markets to export to the U.S. “It can become a future norm,” Ng noted.

Shrinking U.S. exports in November were more than offset by surging shipments to other markets, particularly China’s two largest trading blocs, the European Union and the Association of Southeast Asian Nations. China’s exports to ASEAN and the EU rose over 8% and nearly 15%, respectively.


CNBC

China Daily | Pricing law overhaul to ensure fair competition


China is overhauling its pricing law after nearly three decades, a critical revision aimed at curbing cutthroat price wars, algorithm discrimination and other unfair market practices in the world's second-largest economy.

The draft amendment to the pricing law has been jointly drawn up by the National Development and Reform Commission, the nation's top economic regulator, and the State Administration for Market Regulation, the nation's top market regulator.

The move marks the first revision since the law was enacted in 1998 and placed on the legislative agenda of the Standing Committee of the 14th National People's Congress in 2003. The current draft amendment was released for public comment late in July.

The 27-year-old law's rewrite comes as China confronts a phenomenon increasingly lamented by economists and business executives alike — cutthroat competition, where firms spiral into destructive internal competition, often slashing prices below cost to gain market share.

Guo Liyan, deputy director of the Economic Research Institute at the Chinese Academy of Macroeconomic Research, said: "The amendment sends a clear signal that maintaining fair market competition is nonnegotiable.

"Selling below cost is a malignant form of involution. When it spreads, it erodes profit margins, drives more firms into losses and makes it harder to stabilize production or create jobs. It even hurts household income growth, particularly for low- and middle-income earners."


SSE


Even CCP themselves also know cheap prices are bad for their economy, only ktards think it is good.