☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 7 days agoChina Exports to US Fall Most Since 2020 Despite Trade Trucewww.bloomberg.comexternal-linkmessage-square10fedilinkarrow-up128arrow-down10file-text
arrow-up128arrow-down1external-linkChina Exports to US Fall Most Since 2020 Despite Trade Trucewww.bloomberg.com☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 7 days agomessage-square10fedilinkfile-text
minus-squareLoveWitch [he/him, comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up13·7 days agoEspecially in china where the business model is basically cut costs to the bone and win scale instead of profit margins. Western corporations favor profit margin, maximize ROI. Which means western corporations set prices based on what the buyer will tolerate. Chinese corporations favor scale. Which means prices are based largely on cost. It’s like expecting Walmart to absorb the price of eggs. It’s not their business model.
minus-squareWizardOfLoneliness [they/them, comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up12·7 days agochina will also cut off a bourgeios head for price gouging, meanwhile we’ve had proof since 2020 that most “inflation” was just companies jacking up prices and wow would you look at that it’s happening again, it just keeps happening
Especially in china where the business model is basically cut costs to the bone and win scale instead of profit margins.
Western corporations favor profit margin, maximize ROI. Which means western corporations set prices based on what the buyer will tolerate.
Chinese corporations favor scale. Which means prices are based largely on cost.
It’s like expecting Walmart to absorb the price of eggs. It’s not their business model.
china will also cut off a bourgeios head for price gouging, meanwhile we’ve had proof since 2020 that most “inflation” was just companies jacking up prices and wow would you look at that it’s happening again, it just keeps happening