Archive: 8 December 2024
1 article found
Sun, 08 Dec 2024, 17:25 WIB
China's Cheap Export Strategy Threatens Developing Nations' Industries and Sparks Growing Backlash
China's strategy of flooding developing nations with inexpensive goods is decimating local manufacturing sectors in countries including Indonesia, India, and Pakistan, forcing factories to close and leaving millions of workers unemployed. The practice, driven by China's slowing domestic economy and trade disputes with the West, is eroding industrial capacity and fuelling widespread resentment, with developing nations increasingly implementing tariffs and trade-defence measures to protect their e