Isn’t this bigger than the exact counter tariff %? Tell me if I am wrong but the way I perceive Chinese population : it won’t buy US stuff if it isn’t socially valued anymore. No need for tariff to convince Chinese people to prefer Chinese produce over American ones.
the policy decisions of the Chinese government are extremely separated from the everyday lives of the people.
the CCP may refuse to sell expensive minerals to the us, but the Chinese population will buy the cheapest, freshest produce full stop. which is usually the local farmers.
I don’t think I’ve ever seen American produce in China, come to think of it.
during the last trade war, there wasn’t any anti-us purchasing sentiment from Chinese people themselves because everything they want is produced by China anyway.
the Chinese population, in effect, is and has been boycotting every other country all the time for decades because so many of their basic needs are met by domestic production.
I see, yeah, the 10-year anniversary of the 2008 scandal.
good article, I’m curious what the numbers are 7 years later.
it looks like in 2018 80 to 90% of Australian baby formula was exported to China!
I found a PDF explaining the specific domestic and local market share, so even after the scandal in 2008 about half of the baby formula in China was produced and bought domestically.
of course even half of the market is a huge amount of baby formula in real life considering the population of China.
Isn’t this bigger than the exact counter tariff %? Tell me if I am wrong but the way I perceive Chinese population : it won’t buy US stuff if it isn’t socially valued anymore. No need for tariff to convince Chinese people to prefer Chinese produce over American ones.
the policy decisions of the Chinese government are extremely separated from the everyday lives of the people.
the CCP may refuse to sell expensive minerals to the us, but the Chinese population will buy the cheapest, freshest produce full stop. which is usually the local farmers.
I don’t think I’ve ever seen American produce in China, come to think of it.
during the last trade war, there wasn’t any anti-us purchasing sentiment from Chinese people themselves because everything they want is produced by China anyway.
the Chinese population, in effect, is and has been boycotting every other country all the time for decades because so many of their basic needs are met by domestic production.
Only exception I have seen is milk and baby formula
interesting, how do you mean?
https://www.abc.net.au/news/2018-12-11/abc-investigation-uncovers-chinese-baby-formula-shoppers/10594400
I see, yeah, the 10-year anniversary of the 2008 scandal.
good article, I’m curious what the numbers are 7 years later.
it looks like in 2018 80 to 90% of Australian baby formula was exported to China!
I found a PDF explaining the specific domestic and local market share, so even after the scandal in 2008 about half of the baby formula in China was produced and bought domestically.
of course even half of the market is a huge amount of baby formula in real life considering the population of China.
the market research data only goes up to 2017