USA, Europe and Japan are unhappy
The Wall Street Journal writes that China may double the export of its own equipment, which could cause a new «Chinese shock» on the world market.
According to the publication, China is currently intensively developing the production of cars, machinery and household appliances, and due to the oversaturation of its domestic market, the country is actively selling its products abroad.
The Wall Street Journal notes that similar actions by Beijing in the past have already helped the country contain inflation in the late 1990s and early 2000s. Now, according to experts, these measures may further help reduce inflation.
However, the United States, Europe and Japan are expressing their dissatisfaction with this policy of China, since it previously led to the bankruptcy of many industries in their territories. In response, they are allocating significant sums to support their strategic industries and threatening to impose tariffs on Chinese goods.