Let’s set aside Donald Trump’s one-track talk on China as a currency manipulator for just a sec, and focus on a slightly less understood, and arguably bigger, issue — the role of Chinese state subsidies and state-owned enterprises.
Using the steel industry as an example:
Top 10 Chinese Steel Companies in 2014
Because nine of the top 10 steel companies in China are SOEs, which get special support (read about it in our new project, “China vs. the World,” here) — it ultimately spurs trends like these:
A Special MetalMiner Project: Learn why China getting market economy status may just be the biggest trade issue of our time – and how it impacts the U.S. steel industry – in “China vs. the World.“