Automotive Black Technology Chapter 855: : Anti-dumping, start!
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Zhengxin has achieved success in the Indian market, and many people are happy - especially the Kolkata Maritime Silk Road Economic and Free Trade Zone.
The Belt and Road Initiative is a major step for China to demonstrate its strength and expand its economic and political influence around the world. But this project is not just China’s own business.
Based on the core idea of the Silk Road's mutual benefit and strengthening ethnic exchanges and integration since ancient times, this strategy is open, centered on Chinese enterprises going global, actively inclusive, and cooperating with other regions and countries.
With Zhengxin taking off rapidly in the Indian market, it has naturally attracted many companies in the automotive field. These include those from China and many other countries.
For a time, the construction speed of Kolkata Economic and Free Trade Zone was forcibly injected by Zhengxin.
After learning that Zhengxin accounted for 30% of the market share in new car sales, Kan Chenggong immediately spread the news back to China and drove directly to Balasore.
——Specially celebrating Li Fanyu’s success!
Needless to say, the two of them drank heavily when they were happy.
However, when the news spread back to China, it also aroused jubilation among people in China’s domestic automobile industry and netizens.
For a long time, many Chinese companies have gone abroad.
But they are generally divided into two categories; national enterprises such as high-speed rail, infrastructure, power photovoltaics, communications and communication equipment are one representative. The other category is represented by low-end daily necessities companies mainly engaged in the voluntary small commodity industry.
Are there any companies like Zhengxin that have gone abroad and prospered?
Yes!
Electronic equipment manufacturers such as Huawei and Xiaomi have sold their products overseas. While allowing foreigners to save money, they also have to give a thumbs up and exclaim Verigood, what a treasure!
But it is the first time in history that a company like Zhengxin has gone abroad and dominated overseas markets in a very short time!
You know, the other four car companies that are participating in the Belt and Road construction in the same group as Zhengxin are still in preparation and there is no movement!
That’s it, not to mention Yiqi, Shangqi, Guangqi, and Beiqi started preparing for the Belt and Road strategy three or four years ago!
Combined with the recent tense situation between China and India, as well as the current affairs in India and India that have repeatedly provoked border disputes, Zhengxin's "dominance" in the India-Zhu market makes the people of Guo feel even more proud!
When the news spread back to China, Zhengxin’s official Sina Weibo and Li Fanyu’s private Weibo were immediately flooded with netizens, starting a happy congratulatory mode;
"A meritorious service has been made! Zhengxin has made a meritorious service! Warmly congratulate me, Dazhengxin, for occupying the Yinzhou Automobile Market and being one step ahead of the Chinese Navy, Yang Wei and the Three Kingdoms!"
"Strongly protest against Zhengxin's collaboration with the enemy! Didn't you know that Asan was capable of cheating? Every time you sell a car, you are providing a company of transportation capacity to the Indian Army! Hahaha,"
"The people upstairs are so scared. In addition to making concave shapes on motorcycles, they can also **** their balls?"
"You are so awesome to my Zhengxin! From now on, you are the well-deserved pride of our Greater China automobile industry!"
"The Chinese market is resisting foreign enemies, the North American market is proud, the African market is all-powerful, and the Indian market is devastating! We must defend and conquer. Zhengxin is simply an economic army with Made-In-China written on it!"
"Then it's not just an economic force? It's simply a ranger among the economic forces! Just believe this and go to Yinzhu without the National Development and Reform Commission's layout! In fact, the layout of the Belt and Road Initiative has not yet been officially launched in India Zhu spreads out, Zhengxin can be said to be fighting alone in Yinzhu this time! Zhengxin threw himself into an unfamiliar market without saying a word, and achieved such results with his own strength with almost no national support. It is simply awesome. The fighting power is off the charts!”
"In comparison, Shangqi, Guangqi, North Banner and Yiqi are no good! In Central Asia and Southeast Asia, two regions that have been laid out for a long time, I haven't heard of any achievements yet? On the contrary, Zhengxin, Such a great success has been achieved in such an enclave of Yinzhu Market!”
"Hahaha, I heard before that most of the people in Yin Zhu use mobile phones from our country. According to the development speed of Zhengxin, I am afraid that if you watch Yin Zhu Song and Dance movies in the future, the cars in them will all be Zhengxin. Ah!"
……
Netizens felt that Zhengxin had given them a bad breath.
But only one day later. Another piece of news made netizens feel like their livers were bursting with anger!
This news was sent back to China from India’s own business zone in Calcutta;
After Yinzhu’s previous anti-dumping investigation into the photovoltaic industry occupied by Chinese companies, it once again extended its claws to the automobile industry, which had just made achievements! The Ministry of Commerce and Industry of India officially issued an announcement that it will launch an anti-dumping investigation against Zhengxin and impose a six-month temporary anti-dumping duty!
The tax rate... reached an astonishing 42%! This year, including this anti-dumping investigation, Yinzhu has conducted an astonishing 25 anti-dumping investigations against Chinese companies!
In fact, this is not the first time that Yinzhu has targeted Chinese companies.
This number accounts for 50% of the anti-dumping investigations faced by China worldwide this year! In other words, Yin Zhu contributed half of the anti-dumping investigation of Chinese companies!
Then the problem comes.
What is anti-dumping?
If you want to know what anti-dumping is, you must first understand what dumping is;
The so-called dumping is generally understood as the malicious export of a certain commodity by one country to another country at a price lower than the cost price, in order to destroy the industry of the target country or occupy a certain market of the target country.
The so-called anti-dumping is, for example, when the domestic people see that the price of a certain imported product from a certain foreign country is extremely low, much lower than the local product, and abnormally low, and therefore suspect that it is lower than the cost price, then the domestic production Companies producing this product will report to the Ministry of Commerce and apply for anti-dumping investigation.
After receiving the application report, the Ministry of Commerce will conduct a series of investigations in accordance with the relevant provisions of the World Trade Organization - of course, this is an ideal situation.
Then, determine whether the foreign country is maliciously lowering the price of the commodity below the cost price. If it is indeed lower than the cost price, but not a competitive advantage, anti-dumping measures, such as imposing punitive tariffs, will be taken to increase the price of such goods imported from that country.
But this is only theoretical.
In fact, the current anti-dumping investigation has changed its flavor and become a tool of trade protectionism.
In order to protect a certain domestic industry, some countries launch anti-dumping investigations against foreign companies with competitive advantages in the industry. Therefore, although competitive advantages are indeed generated by the strength of the company in many cases, the anti-dumping investigation will still pass.
Then companies in exporting countries were inexplicably levied punitive tariffs.
——Just like the current Zhengxin!
However, it is obvious that the Indian government has done an even better job!
Before the anti-dumping investigation even started, a temporary anti-dumping tax was imposed on Zhengxin!
What does this mean?
It means; I think you are guilty, so I will sentence you first. As for whether you are really guilty, let us investigate slowly!
One stone stirs up a thousand waves.
After this news spread back to China, netizens who were still excited about Zhengxin’s good news exploded!